HomeForex TradingDax is trying decrease inside wave C

Dax is trying decrease inside wave C


DAX has been in an impulsive uptrend since October 2022, transfer that may be accomplished after latest wedge sample which may topped out at 16530 due to a flip right down to 15700.

Discover that drop was robust for wave A, adopted by a three-wave (A)-(B)-(C) corrective restoration in wave B that already touched 16k resistance space. We see some good flip down up to now, however nonetheless, the decrease trendline of a corrective channel must be damaged earlier than weak point for wave C is confirmed, again to 15450 and decrease.


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