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Elliott Wave Analysis: German DAX Trading In A Temporary Correction, More Weakness In View

Elliott Wave Financial Service
By Elliott Wave Financial Service

German DAX is undergoing a three wave correction within black wave B. Upside for the final leg c of B can be found around the Fibonacci ratios of 38.2, 50.0 or 61.8 and as we can see on the chart around the previous levels of wave iv at 12822. Once wave B completes itself, a new reversal lower can come in play.

German DAX, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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