25 Aug 2020 ● 06:20 AM
The German DAX took support at the trendline of the last two lows and the entire look is one of a running triangle. But wave wise I would mark it as a second wave inside wave 3. The reason to not mark it wave 3 and 4 is that wave 3 is shorter than the first. Nos it is taking off from this support and breaking out of the triangle so that is a good sign that maybe wave 3 of 3 started. To new highs then. The Jan high of 13789 could get crossed in this move.