I am currently examining the Fibonacci levels to fit this formation into a Harmonic Category.. Feedback most welcomed..
No Guarantees as X - B 0.665% instead of 0.618% but lets wait and see.. The Bullish Extension is still holding strong..
Projecting an Irregular Flat while still holding below the 1.272% Extension for wave B. Wave W of B is an irregular flat & Y of B a double, looking maxed out 100% extension of lesser degree w - x - y of Y of B before a correction lower.. The projection is correlated with my previous projections, DAX & Nikkei yet worth to mention that everything seems to be getting...
Nikkei inline with DAX seems doing a Double.. While DAX still has some more higher NKD looks like completed while last leg of X extended to the 100% - 1.272% Extension of the - legs.. Note as well price has hit the 61.8% Retracement from all time highs to 14.800's lows.. We should see at least a pull back from here if not an extension towards the major W - X 100%...
Nikkei inline with DAX seems doing a Double.. While DAX still has some more higher, NKD looks like completed while last leg of X extended to the 100% - 1.272% Extension of the - legs.. Note as well price has hit the 61.8% Retracement from all time highs to 14.800's lows.. We should see at least a pull back from here if not an extension towards the major W -...
Above a simple long term projection in DAX while still in favor the Bearish Market has not been completed while fundamentally we are almost before a major Global crisis.. Equal Cycles per direction indicating Cycle 1 Downtrend, Cycle 2 correction in consolidation & waiting for Cycle 3 for one more leg towards the 100% extension of cycles 1 & 2.. Will it happen?...
IBEX35 has formed a Bearish Bat at the H4 TF, from the D Leg first swing down currently into consolidation. Post, we should see one more leg at least towards the 100% - 1.272% Extension..
Expecting a Bearish Gartley completion the 4th of December that is the Italian Referendum Date.. The case points for an Italian Exit from the EU..
Possible AB=CD at the H4 TF.. Elliott Wave formation Zigzag with B leg an Irregular Flat & C extension to the Equal Legs.. Holding Scaled Shorts
Expecting one more high for wave 5, in favor for a potential ending diagonal before a reversal to at least correct the 05/03/16 Cycle..
DAX Index projection inline with Harmonics, Elliott Waves, Fibonacci Channel - Extension & Pitchfork.. Possible Rally higher & post new highs should find major selling pressure around the 10.980's - 11K for at least one major correction lower if not a big retracement to new lows.