Since last post of DAX, we have changed our medium term view and now we are blue five wave rally and blue wave 3 ended at 12389 placing medium term top. After that we saw correction in blue wave 4 in zigzag which ended 9296 on 29-SEP, 2015.
Now we are seeing last and final rally in blue wave 5 towards its ideal target near about 15000.
If we look in short term then we can clearly see that green wave 1 completed with sub five wave rally at 11431 and now prices are in green wave 2. Once green wave 2 is completed we will see an sharp impulsive rally in wave 3.
muhiuddin
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