German DAX Undergoing A Temporary Correction; Ideal Turning Point Around The 10330/10400


DAX has turned strongly to the upside from 10173 two weeks back, clearly with an impulsive price action so we see it as wave 1 that is part of a bigger impulsive move. We think that strong uptrend will continue soon, since we see current retracement as wave 2 within uptrend that can look for a base at 38.2-61.8% Fib. level.


German DAX, 4H


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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 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.