DAX is unfolding a higher degree correction [Video]

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Dax has been trading higher since October 2022  but five waves up from that low suggest that bulls can slow down into a higher degree correction, ideally down from 16200 – 16500 area where sub wave five seen on 4h chart can come to an end, about we talked in past updates. So far we can already see a sharp reversal lower, with the price coming down to a trendline support, but we think it can be broken as drop looks impulsive, so probably part of a deeper A-B-C correction.

We talked about this potential reversal on DAX already on Monday in our video that you can check below.

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