With the new high today, it can potentially end an impulse wave (5 wave advance) from the Feb 2019 lows (10859) and further suggest the end to a larger 3 wave advance (zigzag correction), a strong move back below 11400, then 11300 is further needed to argue for a move lower.
If the current advance is a 3 wave move ie: [a][b][c], then we can expect a new low back below the Dec 2018 low (10268) as the current advance is simply a bear market rally in an ongoing bear market that started in Jan 2018.
Click here to sign up for updates for DAX & FTSECLICK HERE
Try it out for 30 days risk-free. Simply cancel before the first month for a full refund, no questions asked*
*New members only