WaveTrack International

Elliott Wave Financial Price Forecasting

DAX is also quickly approaching its ultimate upside targets

by m.tamosauskas| July 12, 2013 | No Comments

08_Dax130712

Another market indicating about limited upside potential during the next several days. With additional upside during the latter half of last week, the Dax has traded into the 8199.51-8283.13 area. This sets the stage for a reversal signature from current levels that would confirm the completion of the counter-trend upswing from the June low of 7655.83 and initiate declines in the weeks ahead with unchanged downside objectives measured to 7431.43-7336.92.

Category: Dax 30

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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