DAX dropped quite sharply form the 10552 level, where previous blue wave iv had ended its correction. As such we believe final wave v of C is now here with a probable reversal higher in sight.
We know that when gaps unfolded, in many cases market turns around and fills the whole gap. So this might quite well be an indication for an upcoming reversal higher.
German DAX, 1H
Comments
Log in or sign up to join the conversation.