OmarDjurhuus
Long

DAX30 Index (38% Fibonacci Target)

TVC:DEU30   DAX Index
If price drops from 38% Fibonacci, we'll probably see a 5 wave structure giving us a new lower low...
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.
Comment: DAX30 crawling slowly up towards 38% fibonacci level. In 38 area we'll see if the change in structure is further up or if the price will drop..
Comment: Dax is hovering.
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.
Let’s see?
Comment: Dax price 12315 hit 0.168% Fibonacci level.
I see a new structure in price action and therefore i’ll Create a new forecast for Q3-Q4, 2019.
Comment: Since DAX his 0.618 percent Fibonacci price has made pull back.

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.
Comment: Dax30 is hovering between Lower high and lower low around 0.618 percent Fibonacci level.
As for price action the Dax looks heavy at the moment, but everything can happend from here.
I'll keep you updated...
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