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DAX Index
Long

[Dax 30] consolidation.....

By astairwaytoprofit
Updated
The trend remains strong bullish. Long position in the next bullish candle.
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A pullback gouldn't surprise us.
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There is strong possibility that the correction has been over and wave (v) has been started for the final target 13205, with one condition...to break the upper rectangle. If not, then we will talk about correction continuation and possible break the lower rectangle with a double zig zag.
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Out of the market, because this 1.272 of fibo ret, bothers me and probably shows the end of wave B of (4). If it is so, the correction will be continue till wave C of (4) will be formed. In addition this candle in 4h chart shows a possible reversal trend. We will see on daily chart how it looks like.
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price key: support 12910
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Calmness before the storm(?)
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For those who are waiting for a bullish candle, that's it.
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Trade active
Trade active
!!!!!!!!
Trade active
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Trend AnalysisWave Analysis
astairwaytoprofit

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