Alternatives for DAX (follow up)
I tried to plot some scenarios a couple of days ago for the further movement of the DAX index. As it progressed we can rule out the triangle version, and it goes toward the formation that I regarded as the most likely, the wedge, or an ending diagonal. That does not mean we can also rule out the 1st scenario, but so far it moves in three waves (abc) formation, and the five waves of an ending diagonal consist of abc waves. So I guess there will be a upward abc correction soon, and then comes the final 5th wave of the ED consisting of 3 waves.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.