German DAX In A Corrective Wave
Thierry Laduguie | Dec 05, 2019 09:25
The DAX has already corrected in three wave (a),(b),(c) but the decline is not complete. The previous rally was large so the corrective wave should be in proportion. Plus other stock markets are not yet near their lows. Chances are the decline will extend as a double zigzag (a),(b),(c),(x),(a),(b),(c). The current rally is wave (x), this move should be in three waves [a,b,c] before it ends. The decline will resume after this bounce. The target is 12800
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