DAX 30 - Oct 17, 2016

[Evgenia Gencheva]

DAX is over daily support - ema 200, 100, 50; sma 14, 10 middle bollinger band, pivot point, but we'll see rejection at 10666, follows support test to 10633, to the end of monday I expect 10733.

https://i.servimg.com/u/f97/19/53/74/92/forex115.png

[Evgenia Gencheva]

https://i.servimg.com/u/f97/19/53/74/92/forex117.png

[Evgenia Gencheva]

https://i.servimg.com/u/f97/19/53/74/92/forex121.png

[Evgenia Gencheva]

There are some little changes based on corrective wave 4, 1H chart. The bottom of corrective wave 4 is lower than the expected from me and reached  38.2% correction of moving wave 3. But to the end of the day I expect recovery to 10633.

https://i.servimg.com/u/f97/19/53/74/92/forex125.png

[namavi]

hi Evgenia,thank you for your share .

[namavi]

for now the bottom of corrective wave 4 has reached on IG chart 61,8% correction of wave 3. Pls a question :if go more down what tell the theory of Elliot waves? tks

[Sponsored content]