If 50% or 618% Fibonacci is the target, we'll see a 3 wave structure and you'll see a different structure develop...
We'll see how it all plays out, I'll keep you updated.
Slowly pushing price higher but not in a trend though, It looks more like a sideways move...
I therefore expect a drop in price making new lows before we see a bullish trend to new highs.
I see a new structure in price action and therefore i’ll Create a new forecast for Q3-Q4, 2019.
As price hit 0.618 the downward five wave structure is cancelled.
I looking for a new setup. Price could start a motive wave from current level- meaning a new bullish run or could drop further down to make new lower lows on higher time frame.
I’ll keep you updated.
As for price action the Dax looks heavy at the moment, but everything can happend from here.
I'll keep you updated...