DAX is moving according to plan since the important support at 7560 was not broken. Members received a newsletter where I was long in DAX above 7650 with target at least 7750. New highs towards 7900-8000 were also part of our view if prices held above 7620. Part of this newsletter can be seen below.
DAX respected the support and is now trading around 7950. The rise looks impulsive and is currently finishing a minor 3rd wave up. A 4th and a 5th wave are expected to follow as shown below. This entire move from 7565 could be part of a bigger move or just a complete wave. Time will tell. For now, trend remains up and all time highs near 8100 are expected to be tested. Caution is advised because bullish sentiment is high and stops should be raised accordingly.
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