The Dax has most likely completed its minute degree correction yesterday. The ball is now with the bulls and we need to see some swift upside if our base case is correct. Our most probable market expectations are depicted in black.
Alternatively, the Dax may take another breath and extend the correction. This is depicted in red and would imply another interim low. However, we do also project new all-time highs for the red scenario. They are only slightly delayed.
Alternatively, the Dax may take another breath and extend the correction. This is depicted in red and would imply another interim low. However, we do also project new all-time highs for the red scenario. They are only slightly delayed.
Note
Close now and reopen upon break of minute wave i(circle) pivot high for better risk management.Trade closed: target reached
Dax updates on our Jan. 11 post here on TVNote
+2.6%
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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.