Below is a short-term, 15 minute chart of the DAX, highlighting the seemingly complete structure.
Thursday, 23 July 2009
Scaling in to the short position - 2/5.
The DAX, along with other European indices may have completed the five waves from the previous significant low of 4519. It is certainly possible that more upside lies ahead, but I do not think that it is likely.
Below is a short-term, 15 minute chart of the DAX, highlighting the seemingly complete structure.
Below is a short-term, 15 minute chart of the DAX, highlighting the seemingly complete structure.
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