counter trend rally - chop, chop, chop
No major movement since the last update. We seem to be still in a wave 4 correction, which dies it's best to be as choppy as can be.
Apart from the previous scenarios (either that 4 is in and we started the 5th wave of this 3rd down), dax started building what looks like a triangle, with higher lows and lower highs. That triangle can either be wave b of the a-b-c up, which would mean it should resolve on the upside, or it could be an Y, part of a double 3 - W-X-Y, which means it should resolve to the downside. In anycase VST - this need another wave up to test the upper barrier of the triangle and then another wave down to test the lower one. That means get ready for some chop.
Apart from the previous scenarios (either that 4 is in and we started the 5th wave of this 3rd down), dax started building what looks like a triangle, with higher lows and lower highs. That triangle can either be wave b of the a-b-c up, which would mean it should resolve on the upside, or it could be an Y, part of a double 3 - W-X-Y, which means it should resolve to the downside. In anycase VST - this need another wave up to test the upper barrier of the triangle and then another wave down to test the lower one. That means get ready for some chop.
