DAX, German 30 top stocks index is now forming a 5 wave impulse down. We have to look larger time frame since we think we are not done in the corrective pullback from last top. We see one more push down for now but we leave room for possible ABC corrective pullback as well. It is still too early to tell so we marked twofold count as you can see on the chart. As we know lately DAX has inverse correlation with EURUSD so we have to start looking for possible lows since we see EURUSD bearish.
German DAX, 30 min
German DAX, 30 min
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