DAX 30 - waves analysis

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Post by Evgenia Gencheva on Mon Oct 03, 2016 2:41 am

The market is changing very dynamically. When a winning strategy becomes widely used, at a time stops working as profitable. According to me the hopes for market crash are unreal. DAX corrections are usualy arround 4000 pips, in this case, the correction 12400 - 8700 is enough. If we have reversal of the trend, many, high support points must be tested.

Here on this pic is illustrated full market cycle.

DAX 30 - waves analysis  Forex_54

According to the DAX monthly chart, this cycle is completed, completed corrective wave ABC.

https://i.servimg.com/u/f97/19/53/74/92/forex_29.png

DAX 30 - waves analysis  Forex_31
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Post by Evgenia Gencheva on Sun Oct 16, 2016 7:30 pm

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Post by Evgenia Gencheva on Tue Oct 18, 2016 8:03 pm

For tomorrow we'll see test support to 10600 level, after that, I expect top of moving wave 5 - 10730 to be reached.

https://i.servimg.com/u/f97/19/53/74/92/forex142.png

DAX 30 - waves analysis  Forex143
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