DAX (Germany) Elliott Wave Analysis - TradingLounge Day Chart

DAX 40 Index Daily Chart Analysis

DAX 40 Elliott Wave Technical Analysis

Function: Bullish Trend

Mode: Impulsive

Structure: Orange Wave 3

Position: Navy Blue Wave 5

Next Lower Degree Direction: Orange Wave 4

The DAX Day Chart for Germany, based on Elliott Wave analysis, demonstrates a bullish trend. The market is in impulsive mode, suggesting strong upward momentum. The chart structure highlights orange wave 3, part of a larger wave cycle, continuing to drive the trend.

Currently, the market is positioned in navy blue wave 5, representing an advanced phase of this bullish cycle. Orange wave 2 has finished its corrective phase, and now orange wave 3 of 5 is progressing, pushing the market further upward.

The next anticipated phase is orange wave 4, which is expected to bring a temporary correction once orange wave 3 completes. For now, orange wave 3 continues its impulsive rise, signaling ongoing upward momentum.

The wave invalidation level for this structure is set at 17029.88. If the price falls below this level, the current wave count would be invalidated, requiring a re-evaluation of the wave structure. As long as the price stays above 17029.88, the bullish trend and wave formation are expected to persist.

Summary:

• The DAX Day Chart shows a bullish trend in an impulsive mode.

• Orange wave 2 has completed, and orange wave 3 of 5 is currently unfolding.

• The market is positioned in navy blue wave 5.

• The next lower degree wave is orange wave 4.

• The invalidation level is 17029.88. As long as the price remains above this, the bullish momentum is expected to continue.

DAX 40 Index Elliott Wave Analysis - TradingLounge Weekly Chart

DAX (Germany) Elliott Wave Technical Analysis

Function: Bullish Trend

Mode: Impulsive

Structure: Navy Blue Wave 5

Position: Gray Wave 3

Next Lower Degree Direction: Gray Wave 4

The DAX Weekly Chart for Germany, analyzed through Elliott Wave theory, reveals a bullish trend. The market is in impulsive mode, indicating strong upward price movement. The key structure here is navy blue wave 5, which signals the final phase of this wave cycle.

The market is currently positioned in gray wave 3, which continues to drive the ongoing upward trend. The next anticipated movement is gray wave 4, likely to initiate a corrective phase after gray wave 3 finishes. However, for now, the chart shows the continuation of the impulsive rise within navy blue wave 5.

Navy blue wave 4 has completed, and the market has transitioned into navy blue wave 5, suggesting further progression in the wave structure and the continuation of the bullish trend.

The wave invalidation level for this structure is also set at 17029.88. If the price dips below this point, the current wave structure would be invalidated, requiring further analysis. However, as long as the price stays above 17029.88, the bullish market outlook remains intact.

Summary:

• The DAX Weekly Chart reflects a bullish trend in an impulsive mode.

• Navy Blue Wave 4 has been completed, and Navy Blue Wave 5 is now progressing.

• The market is positioned in gray wave 3, with gray wave 4 expected next.

• The wave invalidation level is set at 17029.88. As long as the price stays above this, the bullish trend is expected to continue.

Technical Analyst: Malik Awais

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