Nov 8, 2025
Update
The indices should be close to 5w low completed this week as a-b-c or next week completing impulse, after that we should see 2-3 weeks higher for 5w high. The DAX seems to confirm this.
a-b-c or impulse to be completed next week for H&S.
Possible path if the H&S plays out. Look at RSI perfect touch of the two trend lines.
Waiting for 5w low this or next week then 5w high.
DAX slow corrective price action lower to the trend line and MA200 all this 2 months after the previous low - most likely 10w low and now we should see 2-3 weeks higher for 10w high. At least e-wave for triangle or up to the upper trend line for some kind of diagonal.
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Futures are indicating rather strong weekly openings. Seems unlikely that we see 2-3 weeks higher without reaching for new highs, or what do you think?
ReplyDeleteit could be ED or triangle...
Deletethe only question is if last Friday was 5 or 10w low
ReplyDeleteIt looks more like 5w low
DeleteWould you mind sharing a mid week update?
ReplyDeleteI do not have anything new to add - another zig-zag higher now something lower.
DeleteToo many combination to call the path - I will stay with something higher for two weeks.
DAX is currently looking like that e-wave for triangle...
ReplyDelete