I have used gann box for this projection.
If you look at the boxes separately you notice the top is on the 0.75 lvl and always retrace around the 0.25 lvl.
Interesting isnt it. :)
If we assume that the next top is around 12000 ( predicted with the Fib lvls on the right side) and asuming the 72 bars are correct DAX could retrace from half 2016 till 2017/11 to a low around 7000.
Everything moves in cycles,so dax will fall eventualy.
It is clear that we have to wait for another top first .
Lets wait and see.
If you look at the boxes separately you notice the top is on the 0.75 lvl and always retrace around the 0.25 lvl.
Interesting isnt it. :)
If we assume that the next top is around 12000 ( predicted with the Fib lvls on the right side) and asuming the 72 bars are correct DAX could retrace from half 2016 till 2017/11 to a low around 7000.
Everything moves in cycles,so dax will fall eventualy.
It is clear that we have to wait for another top first .
Lets wait and see.