The MSCI German ETF (EWG) has what is thus far a corrective structure up from 2009 to 2014 and a possible ugly leading diagonal down to the 2016. From there, the move up looks like a three into a standard deep retrace value. This area is also roughly a test of the 2000 high.
I’ve changed my large scale thinking on the DAX. Originally, was counting up an impulse from a possible large triangle that had wave ‘e’ of the triangle at the low of 2011. That had a nice converging look to it but problems with the internal counts of the triangle. Now setting a corrective low at […]