DAX: Beam us up, Mr. Scott! 🖖Happy Birthday, William Shatner! Consistent with the great day of the actor playing Captain James T. Kirk in Star Trek , DAX was also beamed up – and considerably so. From the low of wave iv in pink, the index has shot upwards by about 5% and should still continue the ascent above the resistance line at 15 703 points, where it should complete wave 1 in blue. However, a 35% chance remains that DAX could slip below the support line at 14 617 points. In that case, the index would first develop wave alt.iv in pink to establish a new low in the pink zone between 14 299 and 13 863 points before moving upwards again.
Daxindexanalysis
Dax Index - Buy Entry - D1 Daily ChartDax Index - GER30 - Buy Entry - D1 Daily Chart
Buy @ Current Market Price .... or
Buy @ Pullback to the mR1-Y1 13807.50 Support level
Stop Loss @ 0.5% to 1% of your Account Balance
Take Profit @ 40713.6367 Reward/Risk Ratio 3:1
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🔺 The content of this analysis is subject to change at any time without notice.
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