DAX Is Trading In Wave 5 Of An Impulse
Nov 30, 2023

DAX

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
DAX 4H Chart

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