Dax30 Weekly

General Overview for 27/03/2014:

This is updated count for Dax30 Futures index (german stocks index).
On weekly chart traders can see unfinished impulsive wave progression. There are two scenarios on this count and the difference is in wave 3 (blue in circle) top placement. It looks like there is one more wave to the upside missing and the index strats to diverge from to momentum oscilator. The first target for wave 5 green is at the level of 10394.


Support/Resistance:
10394 – Target for wave 5 green
9797 – Swing High
9460 – 61%Fibo
8929 – Swing Low

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