ODFTrader

Dax: Expanding or Running Flat (C-wave)

Long
ODFTrader Updated   
TVC:DEU40   GERMAN STOCK INDEX (DAX)
We'll see how it goes
Comment:
This is a longer term forecast and you can follow it all the way
I see on the weekly time frame an Elliott Wave Flat pattern developing, but if the structure is changing I'll keep you updated.
Comment:
The structure is still valid as a running flat pattern. If you want to enter a long position it would be a good time now.

But don’t expect instant profits, because price could drop and make a expanding flat pattern also, before trending higher.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.