This week I am featuring a couple of charts from Aaron that has been a interesting contributor in the past.
The first chart showing how the Dax30 broke below the wedge and was rejected from the 200DMA. Aaron is looking for a target of 161% Fibonacci or 10815 which will test 2016 consolidation zone. That will in his opinion exauhst the head and shoulder pattern and would start a rally up to 12000-12200 zone.
According to the second chart the SeP index currently is in a major 3rd wave down that should be the strongest. (see chart for more details on levels).
Thanks go again to Aaron for the hard work put on those and the interesting insights.
