DAX 3 May

It is highly probable that yesterdays low  is an alternative wave, pivot H2. It is possible, but I feel unlikely that it is H4. It is not uncommon for wave counts across indices to be different, however there is a good correlation of highs and lows on different scales. This can be seen clearer in my Big Picture outlook.

I have added validity price lines for MAP Waves rules (see Me and My analysis) for ease of reference in addition of where I expect to find the next pivot. A break of the lower dashed green line will confirm that a full wave can be expected on the 4H451MLL.

As the waves develop and validation is received counts will be updated and I have added the current alternative wave counts, which I will explain in Part 4 or 5 in the series of my methodology in understanding wave formations.

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