Contributors Technical Analysis DAX30 Bearish ABC Zigzag Pattern Aims For 10,000

DAX30 Bearish ABC Zigzag Pattern Aims For 10,000

The DAX 30 seems to be completing a bearish ABC (blue) zigzag pattern which could aim for the Fibonacciretracement levels of wave C vs A.

The DAX 30 seems to be building a large bearish WXY (pink) correction. A downtrend could occur if price manages to break below the 38.2% Fibonacci retracement level of wave 4 vs 3just below 10,000 at 9,750.

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