German DAX Looking Towards 13011; Maybe For Support?
Gregor Horvat | Jan 18, 2018 06:26AM ET
An A-B-C pullback is still in progress on German DAX. We see current minor recovery as a pullback of a minor degree wave ii. A new drop can be expected from current levels, and if price trades as expected then wave C could extend its run towards the 13011 region. There a gap from early of January can be filled, which can then offer support and a turning point higher.
German DAX, 1h
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