DAX - medium term analysis

מעודכן
https://www.tradingview.com/chart/OLbtKTqz/

As shown in my chart, we finished our first 5 waves down and are right now in a sideways movement, which can be identified as a flag! Usually, we would expect flags to be tilted against the prevailing price trend but this one is tilted in the opposite direction.
What does this tell us?
It shows us a slight weakness of the bears, so we should not expect the most rapid moves coming out of the pattern!
As a sidenote: Price can fall short of the E position and start falling without touching the upper line again!


I hope this was helpful! Follow for future TA, like if you want to and take care!
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That's what I call a gap :D
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Pattern complete
Chart PatternsDAX IndexElliott WaveTechnical AnalysistradingWave Analysis

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