Europe is in a messy mess ! Thats an understatement. But wait a minute, take a look atthe DAX chart, Germany's Stock Index.
It is sitting on the 38.2% fibo level. Right where the previous Wave b ended and a critical support level.
Its a critical juncture !
And boy, look at the O/S signal on the Weekly slow and fast stoch. Stochs somehow also correlate to the terminating of an Elliot wave and reversal of a trend.
Considerations :
1. Will the DAX bounce off from here and take off with the Dow or
2. Will the Dow follow the footsteps
of the European DAX counterpart lower to the next support level ??
