DAX: Beam us up, Mr. Scott! đź––

Happy Birthday, William Shatner! Consistent with the great day of the actor playing Captain James T. Kirk in Star Trek, DAX was also beamed up – and considerably so. From the low of wave iv in pink, the index has shot upwards by about 5% and should still continue the ascent above the resistance line at 15 703 points, where it should complete wave 1 in blue. However, a 35% chance remains that DAX could slip below the support line at 14 617 points. In that case, the index would first develop wave alt.iv in pink to establish a new low in the pink zone between 14 299 and 13 863 points before moving upwards again.
chartanalysisChart PatternsDAX IndexdaxanalysisdaxfuturesdaxideadaxindexdaxindexanalysisdaxindexideaTrend AnalysiswaveanalysesWave Analysis

Related publications

Disclaimer