German DAX Charts & Morning Update

Posted by Mike Richards on 06/09/2018 0 Comments
German DAX Futures are trading lower again in pre-market this morning. The DAX has now come down very deep against the move up into the May 22nd high and yesterday hit the 78.6% retracement of that move up. The next Fibonacci levels support is at 11887. Looking for the DAX to turn back up and then trade over 12400 in order to confirm that this is the Minuette Degree Wave (ii). The invalidation level for this count in the DAX is at 11723. The charts with the Elliott Wave Counts and Fibonacci levels are below for multiple time frames as well as the segmet from the Pre US Open Video outlining the day for the DAX and UKX (FTSE).

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