DAX Elliott Wave by Zing Bravo DAX (18 DEC 2022)
Hi, this is a DAX outlook. there will be 2 possibilities for us. First, I wonder if Wave 5 (Diagonal) ended or not. If wave 5 did not end, the price should go up to complete wave 5 first, then drop to the next corrective (ABC). If wave 5 (diagonal) end already, we will use guideline II which the price to come down to corrective (ABC)
Guideline I:
1 W: wave y
(If ended)
1 W: Wave 1
2 D: wave 4 (exp. flat)
3 D: wave 5
4 4H: wave
5 4H: wave C
(if ended)
6 4H: wave 5
Trade Ideas:
wait for price to provide Quasimodo pattern or corrective pattern, then trade accordingly
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DAX
Guideline II (diagonal ended):
1 W: wave y
1 W: Wave 1
4 D: wave 5
5 4H: wave C
(if ended)
6 4H: wave 1
In the Analysis, Price will be separated in difference degrees and Time Frame. And we use Demand Supply Zone for trade set up. If you have any question, free to leave any question.
If you would like further information for analysis, feel free to follow my fan page "Zing Bravo" Thank you
