DAX30 Futures H4

General Overview for 08/04/2014:

As anticipated the upside wave progression is developing and there is one more wave to the upside missing – wave (v) purple. After this wave is finished ( 10 000 points level ) the large corrective cycle might start due to the higher time frame cycles completed.
Nevertheless, on intraday time frame if the level of 9400 – 9450 holds then the gap might get covered and new high will be made.


Support/Resistance:
9904 – WR3
9810 – WR2
9724 – WR1
9633 – Weekly Pivot
9550 – WS1
9455 – WS2
9369 – WS3

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