DAX - uptrend to resume?
This count suggests that a 4th wave correction has finished or is approaching it's end and the uptrend may be about to resume in the form of a 5th wave. Of course, I will keep in mind that 4th wave corrections can be notoriously sneaky and morph into much more complex corrections but at the moment I am watching this bullish count.
Note
This indices really needs to show some impulsive upside price action soon or I will begin to suspect that this could be an X wave rally to be followed by a deeper correction.Note
Price bouncing on my mid line and 38.2 fib retracement. Enough to end the correction? I doubt it but who knows?
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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.