Hello traders,
The DAX is currently grinding within a Wave 5 channel with slightly increased volatility on its way to a new ATH. Trading action is highly indicative of a Wave 5 and most of the world markets are on the verge of their final Bull Run Top (please see my related ideas that I posted recently attached below).
I believe the DAX will start to top out around 14,190s but could go a little bit higher. The ATH should be reached within the first half of October before we begin an ABC correction down to at-least the 10,000 level by the end of Q1 2021.
-zSplit
The DAX is currently grinding within a Wave 5 channel with slightly increased volatility on its way to a new ATH. Trading action is highly indicative of a Wave 5 and most of the world markets are on the verge of their final Bull Run Top (please see my related ideas that I posted recently attached below).
I believe the DAX will start to top out around 14,190s but could go a little bit higher. The ATH should be reached within the first half of October before we begin an ABC correction down to at-least the 10,000 level by the end of Q1 2021.
-zSplit
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