DAX - One more small push lower before rallying ? Excellent R/R!
Diupdate
DAX - Turned into a Triangle here it seems.
I'm expecting price to go down to ~12645 or even a bit lower towards the 61.% retracement level and hte 161.8% projection level, respectively at 12566 and 12515.
(It should ideally remain above 12463 since a close below that would significantly increase for bears to take over).
Alternatively, if price remains above 12682 and rallies above 12858, it would have important implications since that would make this correction a wave B Triangle and therefore we can expect one more wave C up before going to lower lows, below 12333 !!
I'm expecting price to go down to ~12645 or even a bit lower towards the 61.% retracement level and hte 161.8% projection level, respectively at 12566 and 12515.
(It should ideally remain above 12463 since a close below that would significantly increase for bears to take over).
Alternatively, if price remains above 12682 and rallies above 12858, it would have important implications since that would make this correction a wave B Triangle and therefore we can expect one more wave C up before going to lower lows, below 12333 !!
Komentar
DAX - Bounced off the 61.8% retracement level as expected. If we're right, it should continue up to the noted Fib levels.If we're in a correction, wave C would ideally stop around the 100% Fib whereas an impulsive wave 3 should continue to the 161.8% level.
Komentar
Komentar
Come on, one more push higher !Komentar
DAX - 
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