JonasBenjaminFriedrich

DAX now with good chance to risk play for short term swing

Long
TVC:DEU40   GERMAN STOCK INDEX (DAX)
Bigger Picture is is bearish like analyised, however I think we are currently in a pullback of the bigger move to the downside. This pullback should retrace deeper to 50-61-8% therefore there is still room to the upside before the move on the downside continues. Further I am expecting the pullback to come in 3 waves ABC, therefore we are still missing the C wave, which could be starting at current levels. Note that most likely this move doesnt start until the new trading day and should we make a new lower low the setup becomes obsolete in which case we would have finished the corrective pullback already.
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