German Dax - Steep parabola unsustainable, Pullback imminent!!!

15 Nis 2015

The Dax steep incline is looking to be losing some steam and the Elliott Wave structure suggests that we may have a pullback consolidation before printing a new high. ECB press conference today could trigger some profit taking in Germany's premier Index. A new whipsaw high may be probable as well, but likely to be sold into. Favoring the pullback short term.