Mentorship

Mentorship

DAX

27 Nov 2015 ‚óŹ 06:48 AM

DAX broke out into new highs. The best way to look at it is wave C up started. I am not looking at the larger structure, wave C=A is way up near the previous high.

dax271115

On the larger picture the size of the upmove can mean that that 5th wave is forming some kind of ending structure i.e. a triangle and the current rally is wave C of the triangle. Triangles have 5 legs till wave E and all the moves are 3-3-3-3-3 in nature.

dax271115a

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