DAX made a nice higher degree wave (IV) correction, which looks like a completed complex W-X-Y pullback with perfect textbook support at the former wave I swing high, 38,2% Fibo. retracement. We can also see an equal wavelength of waves (II) = (IV), exactly at the psychological 17k area, from where we may see a bullish continuation for a higher degree wave (V) of V.

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DAX Daily Chart From August 02

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DAX Daily Chart From August 14

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