This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
from Sukimoto IF the DAX is coming down impulsively rather than correctively then EW reveals a potential leading contracting diagonal setup. Down for just one at likely intermediate degree. Expanded flat for intermediate 2 that retraced back to the 50% of the wave down.. There has just been one further wave down at probably minor degree that is wave 1 of 3 that is almost finished. If this count was playing out will watch whether or not price gets down to the 10651 area and then starts to retrace up as this would be a good fib point for that to occur.