Thursday, June 16, 2016

>DAX Elliottwave counts

Hi friends,
                    With BREXIT round the corner everone is quite jittery about whats coming up.
What  britishers would vote for !!
Germany being the dominant economy of Eurozone lets see how its chart is placed.

The waves are so clear in DAX chart any one who is learning ELLIOTTWAVE  should try resolving this chart from high ,We have a combination of 5's and 3's .I have labled the chart ,We can see from the chart WX is done and Y is on .
A of Y is done and now the stock is in B of Y .
What we can say confidently from the chart.
1 After completion of B a fall is coming which should see levels lower than A of Y .
2 The move is still corrective.