Fx-AlphaStrats

Dax Time for some correction?

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TVC:DEU40   GERMAN STOCK INDEX (DAX)
I know its difficult too conclude when a correction is ahead. special i a bull market...

I will take the chance :)

The chart analysis is Elliott wave.

there is; Minor and minute

I erased Minuette, because it looked messy on the chart, and difficult to read.

We also see a bearish Divergence i marked it with arrows and text, in the chart and the RSI.

The Divergence indicate an underlying weakness. bulls may be exhausted at this area. A possible trend direction change.
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