DAX short after truncated 5th wave lacking strength.

2020年5月21日

From the bottom in March an impulsive wave sequence can be counted with a truncated 5th wave at the end. I think we deal with a truncated wave since the last (5th) wave exists of 5 waves which means that we are in the final stages of this trend. Only alternative would be an extension of wave 5 if you ask me. Let's see how this unfolds lads. First target 9.600.

Disclaimer: I have no short position in DE30 but I am short other indices.

2020年5月22日

註釋

Nice start with almost 200 points since my post. Fun to check this one the coming week. Should be some acceleration incoming if you ask me.

2020年5月27日

註釋

Well, that escalated quickly! In hindsight: I was too quick labeling my micro wave 4 and we made a new cycle high. RSI remains bearish for now so the bigger picture did not change at all. I still expect a significant retrace somewhere in the coming weeks.