Sep 3, 2015


So far the forecast for an a-b-c higher looks on track, but the bulls need two small waves to finish an impulse. The alternate option is triangle....

The same story for the DAX - the move looks impulsive, but we need one small 4-5 to confirm it. The current high is just 1 point below the previous one so theoretically we still could have i-ii from wave 5 lower. At the moment it does not look realistic, but it will be nice to have confirmation and not just reversal from MA200.

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