DAX Is Trading In Wave 5 Of An Impulse

DAX has nice and clean impulsive personality away from the lows in the 4-hour chart which indicates for more gains, but we should be aware of some slow down after a five-wave movement, which can approach the temporary 16530-16600 resistance area from where we may see some pullback.
Bullish PatternsChart PatternsDAX Indexdax40elliottwaveprojectionger40germanyStocksTechnical AnalysisTrend AnalysisWave Analysis

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