DAX: Correction continue with small upside move
The German index is continuing its correction process.
For those who follow me closely, you may be able to remember the Double then Triple Top identified in my previous studies with the neckline and the pull back level. The pull back as well as the neckline are all very close to FIB retracement level.
Therefore the estimated correction may continue towards 9765, 9602 and 9470 before going up again and catching a long trend over 10000 for the end of the year.
For those who follow me closely, you may be able to remember the Double then Triple Top identified in my previous studies with the neckline and the pull back level. The pull back as well as the neckline are all very close to FIB retracement level.
Therefore the estimated correction may continue towards 9765, 9602 and 9470 before going up again and catching a long trend over 10000 for the end of the year.
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