mszczygiel

DAX going to 10700 ? Upcoming C wave - Evergrande fall?

Short
XETR:DAX   DAX Index
DAX has reached 1.382 a very typical level for a Wave B, we hadn't seen any real volume since march 2020, no clear indication of a true impulse wave, and it can be counted as ABC wave B with A=C. VERY BEARISH signal. Should find a support at 10700 and a real and structured impulse up afterwards. HUGE divergence on RSI monthly, and a meaningful on RSI weekly !

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