$DAX Short-term Elliott Wave Analysis 3.17.2015

Preferred Elliott Wave view suggests rally to 11455 completed wave (( w )) and dip to 11186 completed wave (( x )) as a FLAT correction. Wave ((y)) ended at the top and best reading of the cycles suggests that this pull back would turn out to be another wave ((x)) finding buyers in 3, 7 or 11 swings. It should then result in further upside provided pivot at 11186 low remains intact during the pull back. If pivot at 11186 low gives up during the pull back, that would suggest Index has ended a cycle from 2/10 low least. We don’t like selling the Index.


$DAX 6020150317132513