DAX, Stoxx 50 and the FTSE 100 may have completed their Wave (iv) of i) bullish corrective pattern, we are waiting to confirm and by the way of an Impulse wave up off the low, so far we only have three waves up and not five, so we wait.
Overview: DAX, Stoxx 50 and the FTSE 100 may have completed their Wave (iv) of i) bullish corrective pattern, we are waiting to confirm and by the way of an Impulse wave (five wave structure) up off the low, so far we only have three waves up and not five, so we wait.
DAX30 Technical Analysis: Using Elliott wave to confirm the end of the retracement, this confirmation should be in the next session, leaving a long trade opportunity on Friday
DAX 30 Elliott Wave: Wave c of (iv) of i)
TradingLevels: 15,000 Medium Level as support, secondary support is Group2 14,800|14,720|14,650
DAX30 Trading Strategy: Waiting for Wave (ii) to unfold - see video.
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