DAX 30 - waves analysis
Page 1 of 1
DAX 30 - waves analysis
The market is changing very dynamically. When a winning strategy becomes widely used, at a time stops working as profitable. According to me the hopes for market crash are unreal. DAX corrections are usualy arround 4000 pips, in this case, the correction 12400 - 8700 is enough. If we have reversal of the trend, many, high support points must be tested.
Here on this pic is illustrated full market cycle.
According to the DAX monthly chart, this cycle is completed, completed corrective wave ABC.
https://i.servimg.com/u/f97/19/53/74/92/forex_29.png
Here on this pic is illustrated full market cycle.
According to the DAX monthly chart, this cycle is completed, completed corrective wave ABC.
https://i.servimg.com/u/f97/19/53/74/92/forex_29.png
Evgenia Gencheva- Administrator
- Posts : 153
Join date : 2016-09-02
Age : 40
Location : Milan, Italy
Evgenia Gencheva- Administrator
- Posts : 153
Join date : 2016-09-02
Age : 40
Location : Milan, Italy
Re: DAX 30 - waves analysis
For tomorrow we'll see test support to 10600 level, after that, I expect top of moving wave 5 - 10730 to be reached.
https://i.servimg.com/u/f97/19/53/74/92/forex142.png
https://i.servimg.com/u/f97/19/53/74/92/forex142.png
Evgenia Gencheva- Administrator
- Posts : 153
Join date : 2016-09-02
Age : 40
Location : Milan, Italy
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum