DAX weekly update
Looking at DAX, weekly chart shows the H&S pattern forming with good divergence on indicators Elliott waves are perfectly respected and by that count we are finishing wave B. Could still go up before the major plunge into C.
This could also be in line with recession fears, showing that we have time but the sell off is inevitable. Wave C also moves in 12345 formation, so we shall get plenty of opportunity to add shorts there.
Good Luck!
This could also be in line with recession fears, showing that we have time but the sell off is inevitable. Wave C also moves in 12345 formation, so we shall get plenty of opportunity to add shorts there.
Good Luck!
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