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Elliott Wave Analysis: Dax Can Retest 15k Psychological Support Level

DAX is coming down as expected, after five sub waves up within wave 5, with the current price breaking the trendline support so we see a new corrective set-back which can be wave 4 now at former wave four support near 15180, but we suspect there can be more weakness in the near term because wave 4) is a corrective leg, thus it should be made by three waves. Also, fourth wave can retrace for 38.2% which is not here yet, so much better support seems to be around 15k, a psychological figure.

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