We talked about DAX on February 19, where we mentioned and highlighted final stages of subwave “v” of 3 and that it may take a beather, a corrective pause within a higher degree wave 4 before a bullish trend for wave 5 of (3) resumes. CLICK HERE
As you can see today, DAX nicely slowed down, but it’s in an intraday range, so it looks like a corrective wave four, ideally a bullish running triangle that can be pointing higher now into wave five of an extended red wave (3) with room for 23700-24k.
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