I want to keep this short, because it is obvious what is happening. In my last post i wrote:

any correction target above 12890 equals new alltime-highs in the DAX. It is that simple sometimes.

The correction was very shallow. Wave C was not able to produce a measurable new low. It ended only a few points below wave A, which indicates weakness of the bears.

The new alltime high is only 80P away now and I am following this trend with a long position, which I will double or triple after green wave 2 is done.

This feels so refreshing to be able to make easy money in the DAX again, after those exhausting sideways markets in 2017.

I don't really follow this market as closely as I should, because the crypto markets are so much more promising right now.

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.

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