DAX follows Dow! This is an old saying, which is almost always true, BUT the counts can be different!
Since 22nd of May, DAX is in "correction mode". It started with a clear impulse wave down to 12546 (below 0,382) as a "Subminuette"-wave a (grey) and now it is just about to finish an "abc"-pattern (magenta) to find the terminating "Subminuette"-wave b. A possible target could be tp2 and tp3.
(tp2 equals 0,618 of wave a (grey).
(tp3 equals 1,000 of wave a (magenta).
Once, reached this level within a max. of 3 days, DAX has two options:
1: Complete the ZigZag down to 12291 (0,618 of wave 1 (red))
2: Rise continues. This means, a recount would be neccessary: A possible candidate could be magenta "b" as a wave "2" (red) and DAX would already be in a "3" right now! So watch out very carefully, how DAX behaves on these tp levels!!!
Since 22nd of May, DAX is in "correction mode". It started with a clear impulse wave down to 12546 (below 0,382) as a "Subminuette"-wave a (grey) and now it is just about to finish an "abc"-pattern (magenta) to find the terminating "Subminuette"-wave b. A possible target could be tp2 and tp3.
(tp2 equals 0,618 of wave a (grey).
(tp3 equals 1,000 of wave a (magenta).
Once, reached this level within a max. of 3 days, DAX has two options:
1: Complete the ZigZag down to 12291 (0,618 of wave 1 (red))
2: Rise continues. This means, a recount would be neccessary: A possible candidate could be magenta "b" as a wave "2" (red) and DAX would already be in a "3" right now! So watch out very carefully, how DAX behaves on these tp levels!!!
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Watch DE30EUR on 1m:
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Further details on 15m:
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Like to make some additional remarks for option 2 of above (Rise continues and possible candidate): Magenta "b" at the right corner could def. not be a wave "2" (as shown as "or 2?" in the chart), because the preceeding pattern has an abc count (green)!
Furthermore, I believe, that DAX is in a wave 3 atm, which prob. stops at 1,000 (12890) already, etc.
Furthermore, I believe, that DAX is in a wave 3 atm, which prob. stops at 1,000 (12890) already, etc.
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See below on 1m:
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!!!THIS IDEA IS NOT VALID ANYMORE!!!