DAX daily chart view has been brought up again to bring up the larger picture. We have been following this chart since 12500 levels and our initial expectations have been almost met at 11800/900 levels yesterday. Also note that the 3rd of Wave (3) might be into progress, at a lower degree and if this count holds true, we could see prices dropping below 11750 levels at least and towards 11300/10800 levels in the coming sessions. On the other hand, if it is a flat unfolding, then we could see a bottom soon around 11750 levels.
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Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.