German DAX: Price May Bounce Higher Around 10304 Support

DAX German index is in the pullback mode. Recent corrective pattern from the highs was a bit complex with a triangle in the middle as a connecting wave. Anyhow we are now around levels of the previous red wave iv) of a  lesser degree which usually serves as a support level around 10.300-10 levels. From there we will look for a reversal sign into black wave 5 which may reach 10.650-10.700 levels to complete a five wave sequence from the lows.

German DAX, 1H

German DAX, 1H

 

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

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