It appears that dax made a double bottom around 10900..
* ABC Wave
First WAVE A fromed by a 12345 wave
Leg 1 and Leg 2 already finnished
Leg 3 target between 11238 and 11331
Leg 4 target 11140 (0.5 retrace)
Leg 5 target between 11420 and 11550
WAVE B formed with a smaller abc wave possible target 11200
WAVE C formed with 12345 wave final target 11940
Note : Blue channel is key here
* ABC Wave
First WAVE A fromed by a 12345 wave
Leg 1 and Leg 2 already finnished
Leg 3 target between 11238 and 11331
Leg 4 target 11140 (0.5 retrace)
Leg 5 target between 11420 and 11550
WAVE B formed with a smaller abc wave possible target 11200
WAVE C formed with 12345 wave final target 11940
Note : Blue channel is key here
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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.