DAX - a Gartley or H&S your choiceThere are 2 patterns that can be considered for the DAX
1. Head & Shoulders - from Feb 27 to July 19.
a. Left Shoulder - peaks around 18550
b. Head - pushing the ATH for 19K
c. Right Shoulder - peaks around 18755
d. Neckline - was tested yesterday.
So if we take a measured move , targets the DAX around 17K.
2. Gartley Harmonic - taking the impulsive wave from the 19th April as XA , the AB,BC have
played out and we could be in the CD leg. The Gartley will target .786 of XA , seeing price around 17700.
Either way , there is potential for significant movement to the downside in the near term.