Taking another look at the German benchmark index, the DAXDAX , our scenario remains unchanged. If we don't breach the 18,000 EUR mark, we anticipate continuing with Wave IV, which is expected to range between 10,000 โฌ and a maximum of 7,500 โฌ, depending on the potential overshoot of Wave (B).
This scenario will be invalidated if we surpass the 138 % level.
Zooming into the 4-hour chart, we observe the formation more closely, potentially shaping Wave ((b)) that is currently in development. The 1-hour chart gives us an even closer view, indicating we are precisely in this phase of Wave ((b)). Crossing over 17,218 โฌ would likely invalidate our current scenario, prompting a reevaluation of where Wave (B), marked in blue, could be locatedโpotentially moving towards 17,500 โฌ or up to 18,000 โฌ.
Should there be a turn at this juncture, we might see a flat correction, an overshooting flat moving down towards Wave ((c)) or Wave 1. After reaching the 127-138 % range, this phase should conclude with a 5-wave cycle downwards.
์กํฐ๋ธ ํธ๋ ์ด๋
Our limit for the short position got filled โ There's nothing more to say except that we'll have to wait and see how it turns out.