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NOTE : Final wave C = 5 bleu waves. Wave 2 reversed 60% of wave 1 IF wave 3 (estimated lvl 9300) then a reverse of 30-50% between 9700 -10100 or back to wave 1 Wave 5 calculated (W1+W3) x 0.61 = 8300 Wave 5 could extend and end deeper. Final down target 8000 -7400 THIS SETUP IS VALID IF WAVE 3 END AT 9300
Dow currently in a complex wave 2 If wave 3 is not an extended wave (normal wave, W1 x 1.61) and wave 5 is a normal wave Dow target is 16k a double bottom is possible if W3 or W5 extend.
Finished the B-leg in 3 waves C-Leg down in 5 waves Target 2600
Targets to the upside to watch 10940 - 11033 - 11125 The dow already recovered last week drop,Dax lagging behind.More upside to come. Main TP 10180 back to wave 1.
2009 Fork Hit the median line,going for the final correction --- target 8000----
EW count. textbook pattern in play. Here start another correction and will end the ABC retracement --- TARGET 8000 ---
The october drop came 2 months early in july/august. The december (Xmass rally) also came 2 months early and finished now. From here DAX could drop to 8000.WAVE C Moving averages rollover !!!