DAX intraday update (Part 3)
Tuesday, July 7, 2009
Maybe already wave iii began but i need to see the next pattern to be sure.
P.S1. Alternative count is this wave ii will be irregular and DAX began wave C of ii.
P.S2. NDX made also new lows.
Maybe already wave iii began but i need to see the next pattern to be sure.
P.S1. Alternative count is this wave ii will be irregular and DAX began wave C of ii.
P.S2. NDX made also new lows.
This move seems corrective but if SPX and DAX do new lows i need some time to understand better this pattern.
Read more...
The big picture primary count of DAX is similar with SPX count.
Until now this wave ii seems very weak so probably is not over.
Corrective wave underaway. Possible double zig zag, ending diagonal or wedge.
Despite the alternative counts this chart is only to remember my primary count :P.
Tomorrow expect the continuation of this sub wave ii and maybe the beginning of wave iii.
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