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DAX : Bulls May Continue Higher After Any Pullback

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Nov 09 2015

DAX moved higher on Friday, it finally broke out of a triangle formation in fourth wave as expected. As such, current leg up can be final within extended impulse, but there is still room for 11150-11200 area before we may see a new correction. Ideally any deeper retracement will be corrective red wave 4) of a higher degree as shown on the updated count. Clearly DAX is in bullish mode so it's important so stay with a trend and label the wave count in the direction of a primary trend!

German Dax, 4H




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