Dax30long
DAX long term Elliott wave analysisHere's my count on DAX, we are in the c leg of wave 4 in a bigger cycle wave 5. Below 11740 points should begins the last impulse that if similar to big wave 1 started in 2003 will bring this index to 14500 points area. At that level we could have a big correction down to 8700 area at the end of big cycle wave 4.
DAX Elliott Wave Analysis: Bounce Can Be TemporaryHello Traders,
In this short-term analysis, we will have a look at the German DAX Index.
DAX short-term Elliott wave analysis suggests that the rally to 12882.05 high ended red wave X bounce. The internals of that bounce unfolded as Elliott wave double three structure where black wave ((w)) ended at 12640.87. Black wave ((x)) ended at 12468.68 and black wave ((y)) of red X ended at 12882.05 high.
Down from there, DAX is currently suggesting that it is unfolding as a potential 5 waves structure. Where blue wave (i) ended at 02/08/18 low (12491.53), blue wave (ii) pullback at 07/08/18 peak (12740.66), and blue wave (iii) at 08/13/18 low (12321.45). Currently, it is in the progress of making a pullback in blue wave (iv) before extending 1 more leg lower in blue wave (v) before a 3 waves bounce higher can be seen. We don’t like selling it.
Long DAX30 @ 12,500.00; TP @ 12,687, SL your choiceLong DAX30 @ 12,500.00; TP @ 12,687, SL your choice
Elliott Wave Analysis: DAX Ready For Rally Higher?Hello Traders,
DAX short-term Elliott wave analysis suggests that the pullback to 6.28.2018 low ended blue wave (2) at 12088.56. Up from there, the rally higher to 12769.8 higher ended red wave 1. The internals of that rally higher took place as impulse structure with internal sub-division of 5 wave structure in black wave ((i)), ((iii)) & ((v)). On the other hand, wave ((ii)) & ((iv)) took place in 3 waves corrective structure.
Above from 6.28.2018 low cycle, the rally higher to 12369.5 high ended black wave ((i)). Down from there, the pullback to 12115 low ended black wave ((ii)). The rally higher from there took place in 5 waves structure & ended the black wave ((iii)) at 12630 high. Below from there, the pullback to 12513.5 ended black wave ((iv)) as a contracting triangle. The final rally higher from there ended black wave ((v)) of red wave 1 at 12769.5 peak. Down from there, the correction against 6.28.2018 low cycle completed red wave 2 at 12454.5 low after reaching the blue box area at 12540.50-12446.86 100%-161.8% Fibonacci extension area. Near-term, while dips remain above 12454.5 low and more importantly above 12088.56 low, expect the Index to resume the upside in red wave 3 higher. We don’t like selling it.
GER30 possible long trend last try to 13.000Possible last try at 13.000 for Ger30 Index, equal long term way in Dow Jones.
Targets as shown in the chart.
Good luck :)
DAX Breaksout of sideways Channel The risk sentiment just converted to risk on as investors seems to take buying positions in the global stock markets. Dax just violated major resistance of 12392. I'm seeing next resistance near 12600.
Keep following for more updates!
UPDATE: DAX shows its cards, Patience for a BUY setupHi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
DAX30 indexFurther growth is expected in the wave (iii) - blue.
In the case of a breakdown of the local bottom by 11 700 - a coup with a fast short in the zone 10 000 -10 500.
WEEKEND REVIEW: German DAX looks to be in an ABC, PATIENCE!Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
German DAX may have given clues to path higher!Hi guys quick update to my view on Europe, this is a follow up to a video posted a couple of days back!
DAX - 500 Points possible in 2 weeks.500 points are possible in the next 2 weeks with the goal 13,400 + XXX points. The risk is less than 80 points loss and therefore a good CRR-ChanceRiskRelation is given.
DAX possible scenariosShort term bullish scenario that may still be long term bearish... Note that in my opinion an H&S neckline is support until broken... Anyway we might rally to 12950 and then go back down to 11850... and there we will figure out if we break the neckline or we find support once again... But first we have big resistance around 12400
Long on DaxTake a look at the channels and bottom indicators this is a medium term BUY opportunity I believe...
Area of $12960 - $13 050 => Buy area
Tp 1: $12 300
Tp 2: $12 400
Long TP $13 000
DAX30 is a short till 10.500 as first targetDetected a bearish divergence on German Index daily chart. I expect to see a movement till 10.500 as first target, where the lower Bollinger Band is passing. I will keep you updated after first target will be hit.
Thank you guys,
Simone Siesto
European markets looking for a green close DAX30 IBEX35FX:GER30 FX:ESP35 BME:IBC FX:FRA40 INDEX:CAC
European markets looks good after a negative open and leaving behind the minimum of the session they are seeking to reach important supports. FX:GER30 have resisted and maintained the 12000 support.
US futures ES1! point to a slightly bullish opening, so that European indices are not affected by Chinese tariffs directly or with collapsing technologies, point to a positive close.
Excellent opportunity to buy in these markets: FX:GER30 FX:ESP35 BME:IBC FX:FRA40 INDEX:CAC
finance.yahoo.com
Longer Bear TimeGood morning Traders.
Weekly chart.
RSI A-B is VERY BEARISH.
High Volume from BEARS.
Lets watch the BULLS kick in Before.
Drive Safe.
Bull Riding - Rodeo Trading – Intraday Market Orders (Part5)DAX30 – BUY Position:
00 with SL @ 11700.00
Targets – 12200.00 / 12450.00 / 12650.00 / 12850.00
Weekly SharkGood morning Traders.
This Week + plan. Will we see Similar pattern ?
Lets take it 1 step @ a time.
Drive Safe.
