KEEP IT SIMPLE
Yellow trendlines are key here.
Dax started its final 3th wave down .If it break that black trendline around 11300(started from the October low) it will probably hit 10800-10700.Back to February levels. (Gartley finnished)
After that we could rally to 12600-12800 and should be top for this year.
A 5th wave is possible if a major event takes place,(Greece default) and breaks the major downward channel,than we could see 10150.(Doubt it)
Yellow trendlines are key here.
Dax started its final 3th wave down .If it break that black trendline around 11300(started from the October low) it will probably hit 10800-10700.Back to February levels. (Gartley finnished)
After that we could rally to 12600-12800 and should be top for this year.
A 5th wave is possible if a major event takes place,(Greece default) and breaks the major downward channel,than we could see 10150.(Doubt it)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.