Elliott Waves May Cause New Drop On Stocks And The USD

German DAX is dropping and can be unfolding a wave 3/C from the 12600 high. We are tracking a five-wave drop within wave C/3, that can touch levels near the 11500 region. That said, before more weakness may follow, a temporary pullback as sub-wave 4) may take price into a pause, probably towards 11830 region where we see a GAP.

For a more detailed, and understanding look, check our latest video below.

(Video length 00:09:25)

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