E Five-Wave Rally On DAX Looks Promisng

German DAX is making a bounce for the last month which is impulsive so there is a chance that a low of a deep correction has been put in place. As such, we expect more upside within a new, five-wave, bullish cycle, but ideally after a pullback. Support for the upcoming higher degree correction, once a temporary top for a five-wave move is found, can be around 12600 - 12300.

German DAX, 4h

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

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