DAX
After a corrective decline, Dax has seen a five-wave rise from its recent low of 14818. Possibly wave V should unfold now. However, in this case, wave I is smaller than wave 3 so wave V can be truncated. Nevertheless, the up move can still be meaningful in the weeks to come because the weekly momentum indicator is just on the verge of turning bullish.
Dax Daily
Dax Weekly
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