DAX 30 - waves analysis

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DAX 30 - waves analysis

Post by Evgenia Gencheva on Mon Oct 03, 2016 2:41 am

The market is changing very dynamically. When a winning strategy becomes widely used, at a time stops working as profitable. According to me the hopes for market crash are unreal. DAX corrections are usualy arround 4000 pips, in this case, the correction 12400 - 8700 is enough. If we have reversal of the trend, many, high support points must be tested.

Here on this pic is illustrated full market cycle.



According to the DAX monthly chart, this cycle is completed, completed corrective wave ABC.

http://i97.servimg.com/u/f97/19/53/74/92/forex_29.png


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Evgenia Gencheva
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Re: DAX 30 - waves analysis

Post by Evgenia Gencheva on Sun Oct 16, 2016 7:30 pm

DAX 30 - Oct 17, 2016

http://i97.servimg.com/u/f97/19/53/74/92/forex121.png

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Re: DAX 30 - waves analysis

Post by Evgenia Gencheva on Tue Oct 18, 2016 8:03 pm

For tomorrow we'll see test support to 10600 level, after that, I expect top of moving wave 5 - 10730 to be reached.

http://i97.servimg.com/u/f97/19/53/74/92/forex142.png

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