DAX Long Term
Above a simple long term projection in DAX while still in favor the Bearish Market has not been completed while fundamentally we are almost before a major Global crisis.. Equal Cycles per direction indicating Cycle 1 Downtrend, Cycle 2 correction in consolidation & waiting for Cycle 3 for one more leg towards the 100% extension of cycles 1 & 2.. Will it happen? Nikkei & EU Indices align yet US Indices not.. While SPX & DJIA invalidated the ending diagonals I was projecting, most likely I expect extension higher with SPX & DJIA towards the 0.786% extension of last ZigZag before a larger correction can take place.. And while Central Banks keep intervening, price structure becomes more & more unreadable..
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