The DAX became the weakest index among majors. However, it could be the first one to see the bottom.
The index is making new low today, we could see further downside next week. BUT, the 1950 level is super super HUGE. it is the long long term channel support, and a ideal end of the current 5th wave. If we see hard bounce from that level. We will witness the end of the long long term wave IV ending. It could be a level we wouldn't be seeing in a long long time.
The index is making new low today, we could see further downside next week. BUT, the 1950 level is super super HUGE. it is the long long term channel support, and a ideal end of the current 5th wave. If we see hard bounce from that level. We will witness the end of the long long term wave IV ending. It could be a level we wouldn't be seeing in a long long time.
