German DAX Re-Visited.

After the count which we took in early Feb., see first post at the following link : http://thecharttechnician.com.au/german-dax-pnf-bearish-price-objective/ we now have that target met at the first down thrust. Not to bad from a price estimation point I guess. Subsequent price action behaviour may be seen as a HALT/STOP to the short term daily downtrend with a rally. Price action now testing the prior low of what may be considered either preliminary support or selling climax. Are we seeing another Breakdown or a Shakeout ?  We need more time and data to clearly mark each turning points appropriately.

What we may now experience is a  short term bullish reversal and a potential retest of the CLIMAX RALLY high.

Analysis continues…

Chart is courtesy of StockCharts.com

daxdaily03032018

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