German DAX is trading sharply to the upside, with some strong upward reaction from 9290 which looks like an extended wave. Usually third waves are extended so our updated wave count shows that this can be black sub-wave 3 in the middle of a even bigger red wave 3) that can be headed up to 10600 this summer. But as always pullbacks will occur, and we would not be surprised if a new retracement down into a black wave 4 will show now, when market touched 10336 pre-Brexit level.
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German DAX, 4H