FX:GER30   Indice DAX des actions allemandes cotées
3
Looks like Dax30 made a substantial move up in 5 waves. I am not too proficient in Elliot Wave, but this looks like a good enough run and time for some sort of correction.

Bollinger type divergence is developing between Bollinger Bands and %B.

Also, there is a steep trendline that could be a target for bears trying to break below it.
They are testing it now.

Too early to jump to bearish side for me, as I would prefer to see more evidence, but certainly something to keep an eye out for.

Happy Trading,

GG
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