German DAX: Anticipated Happened and Elliott Wave Forecast

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German DAX 60 mins chart


In my earlier article on German DAX written on 3rd December, I had mentioned that wave 5 or v is pending on the upside which can surge price near to 13400. The index on 13th Dec opened with a gap up and made a high of 13423 and quickly filled the gap which can also termed as an exhaustion gap- Anticipated Happened. Here is the link for German DAX written on 3rd Dec


After wave 5 or wave v there is a high possibility for prices to correct, here by using Elliott Wave counts I have come to a conclusion that the index can test 12900 in near term.This fall will be corrective in nature and will find support near wave iv or wave 4. After exhaustion gap there are hgh chances that the current rally is on the brink to fade.

This entire analysis is easy to understand but difficult in practice, but you can practice with me by learning Elliott-Neo Wave analysis which is set to start from 21st Dec a four day course which will prepare you to understand reversal or ride the rally. Don't miss his opportunity, stay ahead of crowd instead of following them. The fees for the above course is Rs. 10,000/- and it will be for four days. For registration contact +919324174580

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Tata Motors
30 September 2020 at 14:41
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