Could the low be in. A five three bullish move would be confirmation that a low is in. As always, only time will tell.
Finding intraday support off the 200. A lower high and break below the 200 could lead a setback to at least critical support.
The 200 has to hold for the bulls. A close below and its lights out. Still for us a lower high needs to be put in before we turn bearish. The current volume spikes above the 50 period average indicates that this could be just the beginning of this bearish move.
A close below the channel and sloping neckline could weigh heavy on the Dax.
A close below 0.98915 combined with the channel break and Wave i and Wave v equality lends confidence that the short term top is in and a set back is under way
break and retest of the neckline could confirm a top is in and the setback to the end of previous wave 4 is under way at the minimum.
A clear channel breakout and higher low lends confidence that the setback has ended and the advance is underway. Critical support as been adjusted to the 1.14830 level
A decisive break of trend line resistance is an early indication that the set back is over and a short term advance is underway. And our long term objective of 1.189 as A equality is probable. Critical Support remains the same at this juncture.