Dax made a bounce from the 11322 level, where a bigger A-B-C move had found a low. Impulsive recovery which unfolded is an indication that a bigger, five-wave, bullish cycle can be unraveling on the dax, however we still need to be aware of temporary pullbacks along the way.
At the moment we are observing final stages of a wave 1) of a bigger cycle, which can once completed push price into a three-wave correction for a wave 2, with support at the 12543/12328 zone.
German DAX, 4h
Black Friday SALE: 70% DISCOUNT on your first month of membership. Join us andget access to unique and daily technical content about the forex and crypto markets.
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.