daily's view of ht e Monthly analisys
this is my daily analisys for DAX related to my previous post
according to my elliot count and fibonacci levels, DAX is going to end a WXY corrective wave (wave 4). price just extract of a bearish flag which was wave B of the zigzag of wave Y. So we can expect the 61.8%, the 76.40% or the 100% level of fibonacci expansion (into the subwave Y of course). according to the fibonacci extension (not expansion) of subwave X, there's a fibo cluster at 8000, witch is a rounding price as everybody know. it's also a Monthly support for DAX. SO i think that after reaching this price, numerous buyer will come into the market.
conclusion : shot till 8000 (or 8100), then LONG LONG LONG LONG LONG
according to my elliot count and fibonacci levels, DAX is going to end a WXY corrective wave (wave 4). price just extract of a bearish flag which was wave B of the zigzag of wave Y. So we can expect the 61.8%, the 76.40% or the 100% level of fibonacci expansion (into the subwave Y of course). according to the fibonacci extension (not expansion) of subwave X, there's a fibo cluster at 8000, witch is a rounding price as everybody know. it's also a Monthly support for DAX. SO i think that after reaching this price, numerous buyer will come into the market.
conclusion : shot till 8000 (or 8100), then LONG LONG LONG LONG LONG
