GERMAN STOCK INDEX (DAX)
Updated

DAX uncoupling from US market?

197
DAX, if my counts are correct,might be in a "Impulse"-wave c, which should lead at least to 12580 (0,618 of wave a), before I can see further downside potential. A retest of the blue resistance-line would be neccessary!

All depends on Wallstreet! If today, the US market is bullish, then this would be possible. See my other post for DJI
Note
snapshot
Note
new count works prob. better...
Note
snapshot
Note
On 15min. Possible counts. Not shure about the final (magenta) a and b! Tomorrow will show. The final leg C (red) could be very sharp! T1 0,382, slightly above 12600 could be the favorite, imo...
Note
Either way you put it, my last pic is still valid...

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.