Elliott Wave Analysis: German DAX Going Higher Towards 10900


DAX moved sharply to a new high on Tuesday so index is making a nice five subwaves within black wave 5 of 3) that can see even more upside in the next few sessions. We are looking towards 10900 projected area while price trades above 10400. Once our objections are meet we will expect a corrective set-back of a higher degree; down into a red wave 4).

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German DAX, 4H

dax 4


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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.