German DAX May Experience Some Weakness In Weakness To Come

22 Mar 2017

On the daily chart of German DAX we are observing a nice higher degree impulse in motion, with price particularly trading at the end of blue wave 3 of three. If that is the case, then red sub-wave 5) may experience some resistance in days ahead and may expect price to fall into a corrective reversal within the upcoming blue wave four. If that were the case, then the DAX may be in for a slow and choppy ride within the upcoming weeks.