DAX Elliott Wave Analysis for Monday 02/10/2023 (+ Higher TF)
For traders (lower timeframe)
The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside as a wave ((v)).
For investors (higher timeframe):
In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside as a wave ((v)).
For investors (higher timeframe):
In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
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