Elliott Wave Analysis: German Dax Intraday View

Gregor Horvat Wavetraders

German DAX bounced nicely from 11420/30 area where wave "c" equals wave "a". Normally that's a perfect reversal zone, so current bounce towards the upper side of a corrective channel suggest that decline from 11693 can be finished and that new impulsive leg higher can be in play now, while market is above 11420. We believe that sooner or later index will revisit 11693 high.

German DAX, 1H

Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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