DAX Index "Extension 1"-wave and then
For the final wave of this ZigZag, I expext a terminating wave 5 of this "Extended 1"- wave (black). In an "Extended 1", the final wave is always shorter than the preceeding waves 1 and 3! This is, why I favor tp1=0,618 (12079) as a terminating pivot!
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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.