DAX 5th Wave Extension?
Updated
To be honest, I am not much of an elliott wave guy and have a basic understanding of it. However, it looks like the DAX is making a 5th wave extension of a 5th wave extension. see link here for 5th wave extensions. figure 1-10 elliottwave.com/tutorial/Lesson2/2-2.htm
If I am correct, the DAX might not have much room to the upside. If the Dax makes a w4 then a w5 up to finish the 5th wave extension to complete W3. It could present a good rr short with a tight stop with a target of 10764- 10600 Note, would wait for daily confirmation to short with signs of clear rejection, because the Dax is quite strong.
If I am correct, the DAX might not have much room to the upside. If the Dax makes a w4 then a w5 up to finish the 5th wave extension to complete W3. It could present a good rr short with a tight stop with a target of 10764- 10600 Note, would wait for daily confirmation to short with signs of clear rejection, because the Dax is quite strong.
Note
Break feb lows and there is some air below. Note
daily look 
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