Long-term: if this 5-wave pattern develops, Wave 5 could reach down as far as 5600 or even approach the September 2011 low at around 5000
Monday, June 4, 2012
2012/06/04 mid-term Elliott Analysis of the German DAX
Mid-term: after
the break of the purple Elliott 5-Wave defense line on June 1, 2012 at
6200, the way is now open for further moves downwards, possibly
following a new 5-Wave pattern. In this pattern, Wave 3 could initially run down to about 5770 (162.8% extension) and then retrace back to about 6200 in Wave 4 (38.2% retracement)
Long-term: if this 5-wave pattern develops, Wave 5 could reach down as far as 5600 or even approach the September 2011 low at around 5000
Long-term: if this 5-wave pattern develops, Wave 5 could reach down as far as 5600 or even approach the September 2011 low at around 5000
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment