DAX Elliott Wave Analysis for Tuesday 24/10/2023

In the higher time frame, we have completed a WXY correction but as forecasted this was not yet the wave (2) low. The lower time frame was showing corrective price action indicating more wave (2) downside. Several bearish scenarios can be considered because we took out the 04/10/2023 low. In the lower time frame, before going down, we might see some upside as a wave (iv) or wave X.
DAX Indexdax30dax40Elliott WaveFibonacciSupport and Resistance

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