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DAX - leading the way for Europe

19 Jul 2017 ‚óŹ 06:07 AM

Unlike US stocks that are stretching out in wave 5 higher, the European indices have 5 wave declines. It shows up very clearly in the German DAX. It recently bounced back in 3 waves to almost 61.8%. Yesterday it fell below the b wave low confirming that the bounce was corrective and maybe wave 3 down to  12060

dax-190717

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