DAX Is Back To All-Time Highs As Anticipated

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 We talked about DAX already at the beginning of August, where we mentioned and highlighted a nice wave (IV) correction within an ongoing five-wave bullish cycle. DAX actually bounced perfectly from textbook support at the former wave I swing high, 38,2% Fibonacci retracement and equal wavelength of waves (II) = (IV), exactly at the psychological 17k area, from where we can now see a bullish continuation for a higher degree wave (V) of V as anticipated.Well, DAX is actually already back to all-time highs for wave (V) of V, but we see space up to the important Fibonacci cluster target area and channel resistance line that comes at 19500 – 20000 area before it finds the top.Video Length: 00:04:32 More By This Author:Is Summer Consolidation For Cryptocurrencies Coming To An End?
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