DAX IndexShort
GER30 - Test 11164 or 10862 ?
Perfect Timing of the IMF to announce, "No progress made."
It appears that Wave A has ended testing Wave 4 of one larger degrees highs at 11450 level. Also finalizing with an ending diagonal/ wedge pattern, and bearish divergence on the RSI (14).
Watching for a possible test of 11164 which is the June 7th Bottom and also the 50% Retracement level of the Impulse Wave A that has just completed.
It appears that Wave A has ended testing Wave 4 of one larger degrees highs at 11450 level. Also finalizing with an ending diagonal/ wedge pattern, and bearish divergence on the RSI (14).
Watching for a possible test of 11164 which is the June 7th Bottom and also the 50% Retracement level of the Impulse Wave A that has just completed.
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