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DAX Is Trading In Wave 5 Of An Impulse

German 40 Index (PEPPERSTONE:GER40)  
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PEPPERSTONE:GER40   German 40 Index
Trend Analysis Chart Patterns Wave Analysis Stocks ger40 germany DAX Index dax40 Bullish Patterns Technical Analysis elliottwaveprojection
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trendanalysis chartpattern waveanalysis stocks ger40 germany dax dax40 bullish technicalanalysis elliottwaveprojection
DAX has nice and clean impulsive personality away from the lows in the 4-hour chart which indicates for more gains, but we should be aware of some slow down after a five-wave movement, which can approach the temporary 16530-16600 resistance area from where we may see some pullback.
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