hi all,
In my previous analysis I expected the DAX to trust from an Ending Diagonal Triangle. Now this thrust happened and DAX is approaching significant retracement levels.
I expect DAX to retrace either to 32,8 fib or the level above in the chart. Afterwards wait for price to break confirmation level. Probability is high that DAX will resume downtrend in Wave iii of (3).
Kind Regards,
Merakshi
In my previous analysis I expected the DAX to trust from an Ending Diagonal Triangle. Now this thrust happened and DAX is approaching significant retracement levels.
I expect DAX to retrace either to 32,8 fib or the level above in the chart. Afterwards wait for price to break confirmation level. Probability is high that DAX will resume downtrend in Wave iii of (3).
Kind Regards,
Merakshi