TVC:DAX dropped almost 700 points in one week, which is very sharp and impulsive decline. As we can see, decline was in five waves, which confirms trend reversals. So, we expect much lower prices and deeper pullback after minor three waves (A)-(B)-(C) correction. Currently trading in final wave (C), where upside can be limited around projected resistance 13200-13270 levels and between 50% - 61,8% Fibonacci retracement.
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DAX in a resistanace zone now. We are expecting a decline soon.
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Perfect bounce from resistance zone!! Wave C/3 in progress now towards minimum 12500 level!
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Dax is forming more complex correction into wave 2/B. It wants to see 61,8% Fibonacci retracement around 13270 level before turn lower.
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DAX on the move! More weakness in view towards 12500 next week!
if the dax recovers zone 13181 next stop 13400
if he loses 12756 he goes to 12600 and maybe to 12500 but never to 12000
you are so many bearish, that the dax for giving you the opposite is not going to fall
please do not hesitate to update, thanks for your attention
AhmedHamdan1
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What if we are still going through big ending diagonal and only dine with wave 1 & 2 and now processing wave 3 ?
Any objection ? would welcome your respective comment on my comment >
regards,
Ahmed
EASYCHUA99
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8HI SIR ,
when is the DAX correction ?
dow look strong up
I have short DAX 12600 shell I wait
Thanks you
sam9700
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How low will it go?
ew-forecast
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@sam9700, Hi, we see a minimum target projection around 12500 level, but long-term it could go even lower towards 11400-11800, where deeper pullback may come to an end.
if he loses 12756 he goes to 12600 and maybe to 12500 but never to 12000
you are so many bearish, that the dax for giving you the opposite is not going to fall
please do not hesitate to update, thanks for your attention