GRXEUR
GER30 (GRXEUR) - Bearish Scenario - Bear Correction Not Over*If you like this idea, please support it with a like or share. Thank you.
EU Indices crashed during the second part of 2018 and these bearish sequences were successfully tracked with the analysis in the related ideas .
2019 started with a bang!During the first quarter It was unclear if stock markets worldwide indeed were to recover like that. I have to admit, I did not trust the "thrust" that much.
CAC40 & GER30 are showing clearer signs of a five-wave bullish sequence completing, thus paving the way for bearish swings.
These bearish swings should occur anyway, regardless if it's a corrective Intermediate (2) degree or another bearish impulse for the knock-out.
Should the next move be on the down-side, then it would be closely watched, because its sequence will give clear signs on the real direction of the Market.
Elliott Wave Analysis - EU Indices
Scenario 1 - Bull Market Returning
In this scenario, the current five-wave sequence would reflect the 1st leg of a larger degree bullish impulse, which would last a while and would allow the "complacency" sentiment to return and prevail over the next cycle.
Intermediate (2) would wipe out 50-61.8% of the entire gains these indices have shown until now, after which the Market should go bullish once more and in a "rampage".
Scenario 2 - Bear Correction Not Over
On a larger degree, GER30 (GRXEUR / DAX30) has a possibility of crashing for good but there are no realistic signs of that just yet.If the next bearish swing would show and impulsive sequence, then this scenario could be followed up.
Summary
EU Indices could be turning bearish, as the current wave counts are indicating bearish sequences ahead.
P.S. See related Ideas below.
GER30 (DAX30) - Bearish Impulse - SELL ORDER - IntradayIf you like my work and set-ups please support me with a LIKE, thanks!
Details about me in my signature.
GER30 (DAX30) - SELL Set-up
Order Type - Aggressive
Aggressive Entry @ Market Price (approx. 11400.00)
Moderate Entry @ 11600.00
Conservative Entry @ 11750.00
SL 1 @ 11520.00
SL 2 @ 11720.00
SL 3 @ 11850.00
TP 1 @ 11250.00
TP 2 @ 11000.00
TP 3 @ 10750.00
TP 4 @ 10050.00
TP 5 @ 9500.00
TP 5 @ 9000.00
Many pips ahead!
GER30 (DAX / GRXEUR) - I called all the tops and all the bottomsAllow me to properly introduce myself!
My name is Richard and I am self taught trader, heading for the top.
I have been working hard to predict big swings on GER30 ( DAX / GRXEUR).
This article is just an example on what I'm capable of.
My analysis is spot on most of the times. I get off track sometimes but I always manage to grab the Market's pulse when a shift occurs.
Here's some of my previous work on this Index:
(just hit the PLAY button and see how my views unfolded)
May 12 2017: I called the 1000 points drop on DAX.
GER30-DAX - SELL Set-Ups - Stock Exchange Crash
July 26 2017: I called the 1700 points rise on DAX.
DAX30 – Stock Exchange Crash – Full Cycle
October 18 2017: I called the start of the BIG Market Contraction on DAX.
GER30 (DAX) - Full Elliott Wave Cycle & Wave Count
January 9 2018: I called the 1700 points drop on DAX.
(see previous updates & screen-shots)
snapshot:
March 2 2018: I called the 1350 points rise on DAX.
DAX - False Break-Out - Bullish Correction before Deep Bear Claw
June 12 2018: I called the 950 points drop on DAX.
DAX30 - Quarterly Report
August 6 2018: I called the big drop which started and is still developing.
Part 13 - Risk-off August - DAX30 Daily
The Bearish Corrective Cycle has not finished yet, more down-side to come.
Cycle Wave V (green) will follow and the bull Market will resume for the last time.
After the Super-Cycle (black) sequence will finish, so will the Grand Super-Cycle reach its top.
Market Crash will be epic.
You don't know me yet, but I will be a legend!
If you hit the like button, thank you!
Many pips ahead!
DAX daily Supply - Daily Reversal pattern: Engulfing candle!All Trade Parameters shown on the chart. Short setup in daily Supply. Level on top of level scenario. I personally would combine both since we have a high Risk:Reward ratio on that trade anyways. But you can also play only the higher one to have an even bigger Profit Margin. Daily Reversal Pattern with an Engulfing candle. Looks like we reached the High of the Year.