In this post I’m discussing the chart of Dax using Elliott Wave.
As per my main count that is presented here the market is in Wave v of Wave 3 and hence a lot of upside remains.
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Upside targets for upcoming months :
T1 : 12400 (Most recent high)
T2 : 13000
T3 : 14000
German Markets to head higher,DAX 30 Elliott Wave Analysis
The market seems very favorable from the point of view of investment as more upside can be seen after T3 is achieved, however more optimistic view will be technically achieved once the long standing resistance of 12400 is taken out.
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