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Dax currently in an uptrend. * An ABC could end around 11200 from the low 8236 also between fib lvls 0.5 - 0.382 * If Square root lvl 11180 breaks we could be on for a 5 wave pattern that ends around 12272 On chart, square root lvls calculated from the low 8236 Even if an ABC pattern,SQRT get respected.
8
Square root theory Square root lvls calculated were price and time meet. the low 12800 / 1000 =12.8 To calculate time square root of 12.8 = 3.57 for exp. 3.57+1 = 4.57 4.57² =20.8 = 21bars at that point we had a low +2 a new high +3 another high so +5 we know the time around 26feb since we have an ascending triangle Dax could go up first to 14K (next...
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