Hello traders, DAX in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In this index, we consider two scenarios:
In the first scenario, the main waves 1, 2, 3, 4, and 5 are formed, and now we have entered a new phase and correctional waves.
In the second scenario, waves 1, 2 and 3 are over.
And now we are inside wave 4 and wave 4 is in the form of an disciplinary triangle and from this triangle wave e is incomplete.
For this reason, we considered several ranges. If the trend line and the downward red circle are broken, the movement continues to the lower side of the triangle, and after this side is broken, the first scenario will be completely approved.
But in case of reaction to any of these ranges, I consider the second scenario and the trend climbs to Fibo 0.38 by breaking the upper side of the triangle.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
In this index, we consider two scenarios:
In the first scenario, the main waves 1, 2, 3, 4, and 5 are formed, and now we have entered a new phase and correctional waves.
In the second scenario, waves 1, 2 and 3 are over.
And now we are inside wave 4 and wave 4 is in the form of an disciplinary triangle and from this triangle wave e is incomplete.
For this reason, we considered several ranges. If the trend line and the downward red circle are broken, the movement continues to the lower side of the triangle, and after this side is broken, the first scenario will be completely approved.
But in case of reaction to any of these ranges, I consider the second scenario and the trend climbs to Fibo 0.38 by breaking the upper side of the triangle.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️