A lot happened over the last two days on DAX. If you did not take a short position quickly, the momentum of the decline was so dynamic that it was not easy to catch this move. DAX fell -3,27%, MDAX -2,84%, TECDAX -2,54%, SDAX -2,58%.

Americans surprised almost whole Europe, because indices on the Old Continent closed up in the color of bloody red and overseas after lower opening they rebounded to the positive territory. Identical situation during Asian session.

The chart shows a big precision of the last A or 1 wave. We saw increases from the July beginning, and the subsequent movement to the yesterday’s closure drawn B or 2 wave and has the ABC structure, where A=C. For the moment there is now market volume. If current increases will become only C wave (not the 3rd one), this impulse should bring DAX around 12000pts.

2015-08-13_podsumowanie_sesji_SR_DAX_D1-1024x508 (1)

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