I tried to made a bull count for DAX and this is the result :P. However, i'm not married with this count due the wave i pattern. At the same time, the last week movement was more powerfull and may indicate that DAX is already on wave iii.
Hard day of work and didn't had time to follow the markets. This weekend i must work hard (again) but i will try do some updates. However, looking for today's pattern i expected new highs next week. This session just appears corrective.
This last movement on SPX and DAX seams corrective, so expected new marginal highs. Later i will try post the charts.
Read more...If SPX do another higher high my count must be re-avaliated and if pass the 850's maybe this is the wave 3 :(. I have my stops and i will used.
Read more...
For me is missing one wave. This is the continuation of last chart.
Some corrective and complex wave. I don't think this is the mayor 3. Let's see what SPX will do in the open.
I'm trying to keep it simple but this market stay hard to count waves. I'm not married with this count but is the better i can do. Probably this wave II is doing some kind of expended flat.
P.S. Tomorrow i will do the DAX count
Maybe is missing the wave c of B to finished the yesterday movement.
Sorry about the apresentation but i don't have time for better chart.
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