DAX Eyes New Highs

 | Sep 05, 2014 05:35AM ET

The German DAX has turned nicely up few weeks back from around 38.2% support where we see a completed wave 4). From there market turned up for more than 800 points so looks like new highs are coming as rally on 4h chart can be counted in five waves but it can be time for a new corrective set-back in wave 2.