$DAX - Market Analysis for Mar 7th, 2019

The DAX is trading lower today, breaking below the 11545 signal level to confirm a local top in place as wave 3 of (C) and placing price in the wave 4 of (C) pullback. Under that assumption, 11420 is still the ideal target to reach before wave 4 of (C) completes, but any break back above 11615 opens the door to wave 5 of (C) already in progress.

$DAX-XET - Micro - Mar-07 0640 AM (1 hour)
$DAX-XET - Micro - Mar-07 0640 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.