Elliott Wave Analysis: German DAX and Crude Oil
Elliott Wave Analysis: German DAX and Crude Oil
German dax looks to be trading in a temporary correction. We see a three-wave pullback in motion, with prices trading in final leg C. Current correction resembles a flat pattern that can search for a base near the Fibonacci ratio of 61.8 and from there make a new reversal higher.
German DAX, 1H
Crude oil is breaking higher, now trading specifically in sub-wave iv) as part of blue wave three or c. Ideally current corrective wave iv) will search for a base near the Fibonacci ratio of 38.2 and from there make a new push higher into final sub-wave v) of three or c.
Crude oil, 1H
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