German DAX made a nice bullish five-wave activity up from February lows. We can see a possibly completed five-wave rally within wave 1, which can now be followed by a temporary pullback as wave 2, with possible support around the Fibonacci ratio of 38.2/50.0. Once this correction fully develops, that is when wave 3 may take price higher.
German DAX, 4h
Comments
Log in or sign up to join the conversation.