EvgeniaGencheva

EvgeniaGencheva

12410.19 is pivot point for moving wave 5, but the pivot point for whole moving wave 1 - 5 is 50% fibo retracement level, which is exactly 10940.27. In my opinion, there is no reason corrective A in ABC, not to test 50% fibo level. Below 50% fib level is possible test 38.2% even 23.6% for C.

EvgeniaGencheva

DAX30 has a diagonal resistance of about 10 degrees to the previous peak at 12951.54. Depending on how I measure the angle of full screen is about 12 degrees, which is not so important. There is a strong support of 12800 and a turning point of 12410.19.