German DAX is rallying this morning, up in third leg of recovery which has been expected as noted yesterday in our updates. Now we have three legs up from 9826 and at this stage it's unclear if recovery is corrective, a)-b)-c) move, or will market continue to the upside in wave iii) of 5. We will have to wait on more price data. But something is very clear, if price goes back beneath 9900 this will open room for 9800.
German DAX (June 2014) 1h Elliott Wave Analysis
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