This is my first publication about the DAX. This is not a full technical analysis nor an educational one. Just want to share my thoughts.
I think that we are in a rising 5-part wave. We are currently in the third part.
We came to a high, we had a ABC-backtest, we broke out of the descending channel.
Now we are able to retest it from above giving us a chance to go through 15240.
If we go through, we will probably retest the 15250 then take of to 15350-15500-15700.
Please share your thoughts in the comment!
I think that we are in a rising 5-part wave. We are currently in the third part.
We came to a high, we had a ABC-backtest, we broke out of the descending channel.
Now we are able to retest it from above giving us a chance to go through 15240.
If we go through, we will probably retest the 15250 then take of to 15350-15500-15700.
Please share your thoughts in the comment!