A massive trade has just unfolded on the 3min Dax. The “initial target” was the DP from the prior low, which coincided with the typical Wave 3 WPT. As such, this was the perfect place to look for an "initial target".
With the market just reaching this area and sitting on +13R Profit (ignoring slippage and commission), this is turning out to be a brilliant trade................ And the DAX is still declining as I write :-)
Thanks, Steve