Looks like Dax30 made a substantial move up in 5 waves. I am not too proficient in Elliot Wave, but this looks like a good enough run and time for some sort of correction.
Bollinger type divergence is developing between Bollinger Bands and %B.
Also, there is a steep trendline that could be a target for bears trying to break below it.
They are testing it now.
Too early to jump to bearish side for me, as I would prefer to see more evidence, but certainly something to keep an eye out for.
Happy Trading,
GG
Bollinger type divergence is developing between Bollinger Bands and %B.
Also, there is a steep trendline that could be a target for bears trying to break below it.
They are testing it now.
Too early to jump to bearish side for me, as I would prefer to see more evidence, but certainly something to keep an eye out for.
Happy Trading,
GG