In my previous post I discussed how DAX 30 (German Stock Market Index) was moving down in Wave iv , as of now it seems that the correction is complete and that DAX can move upwards for a Wave 3, the green corrective channel should be broken on the upside for further confirmation.
Even if the current up move is corrective that is in 3 Waves for the continuation of a Flat Wave iv even then we can see 12950 levels which are the all time highs, other possibilities like continuation of Wave iv as a Triangle or a double Zig Zag have already been discussed in my last video analysis.
Stops should be placed below 12064 level as that is the recent low of Wave 2.
I will update further as this market continues.
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