The DAX may have completed a Minor wave "2" top just below the .618 retrace level of the decline that began in early November.
The intra day Elliott sub waves are amazingly clear.
The supposed wave "2" has taken the form of an Expanding Flat with an interesting feature.
Minute wave "b - boxed" took the form of a Horizontal Triangle instead of the more common - Zigzag.
If this pattern is correct we can expect to see the DAX begin a decline starting on 12/11/17.
If so, watch for possible downside in the US stock market which could follow its lead.
Mark
The intra day Elliott sub waves are amazingly clear.
The supposed wave "2" has taken the form of an Expanding Flat with an interesting feature.
Minute wave "b - boxed" took the form of a Horizontal Triangle instead of the more common - Zigzag.
If this pattern is correct we can expect to see the DAX begin a decline starting on 12/11/17.
If so, watch for possible downside in the US stock market which could follow its lead.
Mark