Dax is nicely turning to the downside from current highs (10971.0), giving us an idea of a completed five wave rally within higher degree wave iii), and that a corrective wave iv) is in progress. This unfolding correction can later look for support and a reversal near the 10784/10678 area, where former swing lows and the Fibonacci ratios of 32.8 and 50.0 can react as support.
German DAX, 1h
Interested in active FX or CRYPTO Elliott Wave labeled charts on a daily basis? Now its your time; we have Limited Offer; get a 14 day trial for 1€. Check our website at www.ew-forecast.com for more details.
By using www.ew-forecast.com website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.ew-forecast.com are provided for informational and educational purposes only!
By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.