DAX made a nice higher degree wave (IV) correction, which looks like a completed complex W-X-Y pullback with perfect textbook support at the former wave I swing high and 38,2% Fibo. retracement. We can also see an equal wavelength of waves (II) = (IV), exactly at the psychological 17k area, from where we may see a bullish continuation for a higher degree wave (V) of V.
DAX Daily Chart From August 02
DAX Daily Chart From August 14
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Source: https://www.fxstreet.com/news/dax-found-a-textbook-support-202408140939