DAXEbook
DAX is clearly in a pure upward 3…Wave 1 was 2200 to 8150, deep corrective
Wave 2 back to 3750, and broke above .786 and 1.00 at 8150 setting up this big
upward 3…highest target if conservative 1.618 would be 13,377..but if it follows in
the potential footsteps of S&P in a 1.618 X Multiple of W1 move it would target
as high as …(8800 divided by 2200 = 3.704, 3,704 X 1.618 = 5.99 X low of Wave
2 at 3750 = 22,477.3295)…22,477.3295. Far cry from the European crisis in
2011, eh? Yep.

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