German DAX: from big picture to small

January 4, 2017 09:38 AM
Elliott Wave Analysis: German DAX

The German Dax is trading nicely higher, now in the final Wave V) of higher degree V-circled based on the monthly chart. Broken upper channel line is an indication for higher levels to follow.

German DAX, monthly

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About the Author

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and He also is founder of forex services on provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: