Τρίτη, 2 Αυγούστου 2016

Dax - World Markets Wave Alert

Author: Garrett
DAX, 60MinChart

The DAX popped initially higher this morning but has since rolled back over again, in what looks like a small extension in either red wave (v) or blue wave (iii). Still no sign of a local top yet, but if price breaks below 10265, that would be the first step toward signaling such. After which 10140 is now the upper support region for blue wave (iv) after today's extension high, followed by 10050. A break below 9005 would start to suggest a larger pullback than just a 4th wave.

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