palicska

DAX will decline

Short
XETR:DAX   DAX Index
DAX

As for the formation of the DAX, it seems to enter slowly in the final phase of a double zig-zag correction. It finished the initial ABC formation completing W of the double zig-zag, soon it will finish the X phase, that is also a an ABC formation and I expect another decline as the Y phase, that I guess will be another ABC formation. The price target is 13 000.
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