The DAX made an obvious 5 wave move down, hitting exactly the 200 dma in the XETRA DAX chart.
This is why I highly favor a 3 wave move up next. I already opened a small long position on friday evening. It could look something like this:
If I am correct about this, the DAX should not be able to reach 11750 for now. If I see an upmove and a following correction, I will buy some more long positions. Can't wait for monday 😎
This were some of my early short positions that I closed on friday in profit 🔥♥️.
If you think this to be useful information:
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way i see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)