Elliott Wave Analysis: German DAX Remains Bullish Ahead Of ECB

 | Apr 27, 2017 05:08AM ET

German DAX remains bullish ahead of ECB, as structure from the last few days looks corrective; it's fourth wave that is pointing up to 1.2550-1.2600 area where bullish prices may slowly come to an end of an extended red wave 3). On the other-hand any surprise and fall below 12300 after ECB could mean that prices are going to fill the gap.

German DAX, 1H