Long

Updated

DAX to 18000

DAX is forming a large Diagonal. 3rd wave, ABC formation, wave C seems started after expanding triangle, wave B, completed by the last wave Ⓔ truncated.

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Promising 1-2-(i)-(ii) is forming too.
Break of 16043 confirms uptrend.
Invalid if new low below 15580.

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Wave Ⓔ can be a triangle... within a triangle.

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Looks like the triangle is about to complete:

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cautious, triangle failed, further down is now possible, 15300 area if drops.

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VDAX is very very low, caution (again)! DAX is now at high volume density

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Caution! I don't like this setup. VDAX is so low and S&P is making ABC everywhere... I'm long but expecting some downsides...

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Hopefully 15700 is the bottom. Future is doing ABC, wave 2.

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The triangle is still in play, very frustrating market (the new low at 15565 and etc) due to Fed Interest Rate Decision today.
Not 100% yet until 15989 is broken above.

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Still in the game!

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Perhaps, it's actually much simpler... Expanding triangle completed (truncated wave E) already... this correction (painful to watch) is actually a side way correction, Double Three (Combo), XYZ (?!?)

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The low at 15472, didn't touch 15469 in cash, just 3 points away... Still in the game?!?

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Wave Ⓔ... now done? By the way, a gap closed from ages ago.

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Hurricane has passed... in red, survived margine calls, long 15600 and 15400 should be saved. Of course.... 18000 target.

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Trade closed: target reached

Mas

Related publications

DAX - Elliott Waves

by Mas

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