DAX Elliott Wave Analysis for Monday 04/12/2023 (+ HTF)

3 Ara 2023

In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low can be in after a triple three correction or an expanded flat. As long as we do not take out the 31/07/23 high, there is still a possibility that we will have an expanded flat trap. The impulse we are seeing from the October low is then a wave C.