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

Page 1 of 3
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 TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/