DAX Elliott Wave Analysis: Correction In Progress
Elliott Wave Forecast | Jan 10, 2018 10:40PM ET
DAX Short Term Elliott Wave view suggests that Intermediate wave (X) ended at 12731.46. Rally from there is unfolding as a 5 waves zigzag Elliott Wave Structure where Minute wave (a) is proposed complete at 13219. While Minute wave (b) bounce fails below 13421.5, Index has scope to extend lower in Minute wave (c) of ((b)) to finish the zigzag correction. Afterwards, expect Index to resume higher as far as pivot at 1/2 low (12731.46) stays intact. We don’t like selling the Index and expect buyers to appear for more upside in 3, 7, or 11 swing, provided pivot at 1/2 low stays intact.
DAX 1 Hour Elliott Wave Chart
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