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.
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...