E Minor Pullback On DAX, Before Uptrend Resumes - Elliott Wave Analysis

Hello traders,

German DAX is trading nicely higher this month with a very nice and clear five sub-waves up from October 08 that looks like a wave three on the way up. If that's the case then we know that current pullback is wave four correction which will ideally find a support at 12472 level, that comes in at 38.2% Fib. So this appears to be a very nice potential bounce area.

German DAX, 4h

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.