Crude OIL
Crude oil came down last week and retested the 43.00 levels. As you know, we are tracking a deep double zigzag on the 4h chart from the 49.35 high which may be coming to an end around that 61.8% Fib. level. However, it’s always important to be patient and wait on a small intraday bullish reaction before we may confirm the end of wave two. In other words, we would love to seea  rise back to the 46.00 area to confirm a change from the temporary bearish back to bullish mode.
Crude OIL, 4H
German DAX
On DAX we have seen a turn down from 10770-10800 area as expected, after we labeled the rally up from Aug 22 low as wave B. That wave B is a part of a complex downward correction from 10803 which we think can be wave 4) headed to 10200-10300 area. A support can be found there, after five sub-waves can be visible down in wave C. If we are correct then then sub-wave five of C is now in play.
German DAX, 4H
