DAX Is Trading In Wave 5 Of An Impulse which can cause a corrective setback at the end of 2023 by Elliott wave theory.
DAX has nice and clean impulsive personality away from the lows in the 4-hour chart which indicates for more gains, but we should be aware of some slow down after a five-wave movement, which can approach the temporary 16530-16600 resistance area from where we may see some pullback.
![DAX Is Trading In Wave 5 Of An Impulse DAX 4H Chart](https://cdn1.wavetraders.com/wp-content/uploads/2023/11/dax-nov-30-2024-4h.png)
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EURUSD Is Trading In An Impulsive Recovery. Check our blog HERE.