IC UPDATES

Published: Mon, 11/30/15

   
IC NEWS
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Euro

The Euro has fallen in 5 waves from the Oct high, and the vth wave is now appearing like a potential ending diagonal. The Daily Sentiment index on the Euro fell to 3% which makes it a extreme low in sentiment. A trend reversal should be due and initial targets should be the 20dma at 1.077 and then closer to the upper bollinger band at 1.097. These would be initial target levels during which we would try to once again interpret if it is a major trend reversal for the months ahead.

euro261115

DAX

DAX broke out into new highs. The best way to look at it is wave C up started. I am not looking at the larger structure, wave C=A is way up near the previous high.

dax271115

On the larger picture the size of the upmove can mean that that 5th wave is forming some kind of ending structure i.e. a triangle and the current rally is wave C of the triangle. Triangles have 5 legs till wave E and all the moves are 3-3-3-3-3 in nature.

dax271115a

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Rohit Srivastava
www.indiacharts.com
For accurate market forecasting. Market forecasting is a study of past data to assess 
future probable outcomes. It is our endeavor to discuss high probability outcomes for
traders and investors. However this is not a solicitation to buy or sell stocks futures or
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