Well, the HnS pattern proved to be a fake one. Dax never started to head lower and just ramped higher after that correction. Typical for a big wave 4, which finished right about where the 4 of an extended wave 3 finished. So that would put us in the final 5th wave.
A look at the daily shows that we are getting close to the TL I pointed toward back when DAX was testing the lower red TL. Still 100+ points to go, but we are already within reach.
As previously stated, I'm starting to prepare for a swing short. If the TL will be broken with authority, I will reconsider.
Good luck!
A look at the daily shows that we are getting close to the TL I pointed toward back when DAX was testing the lower red TL. Still 100+ points to go, but we are already within reach.
As previously stated, I'm starting to prepare for a swing short. If the TL will be broken with authority, I will reconsider.
Good luck!
