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.(Click on image to enlarge)
DAX Daily Chart From August 02(Click on image to enlarge)
DAX Daily Chart From August 14More By This Author:
DAX Found A Textbook Support
