AnalysisIndicesDAX Futures, Another Push to 16400 600 Followed by Major Correction

DAX Futures, Another Push to 16400 600 Followed by Major Correction

Hello Traders

I am publishing German Dax futures technical update

Dax futures  found short term resistance at 16370 after breaking out from wave iv triangle. A break above 16370 should target 16450 / 16600+/- where we should have completed major 5 waves red and (v) waves minor of 5

After that, I expect a major correction ABC pointed out in green that should target 16130, 15800 at least. A break below 15730 confirms deeper correction that should extend to 15300 14500 levels.

Regards

TradeItAnyway58
TradeItAnyway58
Majed Mazeh. Technical analyst with over 8 years experience in Forex. Elliottwave and price action expert and CMT candidate.
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