palicska

DAX is in a widening triangle

Short
XETR:DAX   DAX Index
DAX PER

It looks as if DAX is in wave (4) of wave 5. Having finished wave A of Wave (4) it is heading toward B in a widening triangle. I expect it to reach the previous top of wave (3) that was 13525 and turn downward after it. I expect wave C of wave (4) to end in the range of 12.000-12.400 by mid June - August.
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