$DAX - Market Analysis for Mar 29th, 2019

The DAX is trading higher, following the suggested path for more of a wave 2 bounce as a larger abc off the low made earlier this week. Price is now close to testing the .500 retrace at 11560, but may even reach the .618 retrace at 11620 before the c-wave of 2 completes and price rolls back over again. Otherwise, a break below 11410 is needed as the initial indication that wave c of 2 has completed and price is starting wave 3 back down below this week's low.

$DAX-XET - Micro - Mar-29 0630 AM (1 hour)
$DAX-XET - Micro - Mar-29 0630 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.