DAX (Germany) Elliott Wave Analysis Trading Lounge Day Chart
DAX (Germany) Elliott Wave Technical Analysis
Technical Analysis Overview
Function: Bullish Trend
Mode: Impulsive
Structure: Gray Wave 3
Position: Orange Wave 3
Direction Next Lower Degrees: Gray Wave 4
Details: Gray wave 2 completed; gray wave 3 in progress.
Wave Cancel Invalidation Level: 19,635.74
The DAX (Germany) daily chart demonstrates a strong bullish trend, based on Elliott Wave Analysis. The index is progressing through an impulsive wave structure, specifically within gray wave 3, signifying sustained upward momentum aligned with the overall market optimism.
The recent completion of gray wave 2 has set the stage for the active development of gray wave 3. Within this, orange wave 3 is a critical component, showcasing a robust acceleration phase that underscores the bullish trend.
An essential invalidation level is defined at 19,635.74. A breach below this level would invalidate the current Elliott Wave structure, necessitating a reevaluation of the wave configuration. This threshold is a key reference for ensuring the ongoing bullish scenario remains valid.
Summary
- The DAX (Germany) is firmly within a bullish phase, with gray wave 3 actively unfolding post gray wave 2 completion.
- The current position in orange wave 3 highlights strong impulsive momentum, supporting upward progression.
- The invalidation level at 19,635.74 is critical to confirming the wave structure's accuracy.
- Market focus remains on sustaining levels above the invalidation threshold to affirm the bullish trajectory.
DAX (Germany) Elliott Wave Analysis Trading Lounge Weekly Chart
DAX (Germany) Elliott Wave Technical Analysis
Technical Analysis Overview
Function: Bullish Trend
Mode: Impulsive
Structure: Orange Wave 3
Position: Navy Blue Wave 5
Direction Next Lower Degrees: Orange Wave 4
Details: Orange wave 2 completed; orange wave 3 advancing.
Wave Cancel Invalidation Level: 18,764.15
The DAX (Germany) weekly chart reinforces a sustained bullish trend, as observed through Elliott Wave Analysis. The market continues advancing within an impulsive wave structure, specifically orange wave 3, aligning with the broader upward momentum and bullish outlook.
The completion of orange wave 2 has laid the foundation for the progression of orange wave 3, with the index currently positioned in navy blue wave 5. This represents a critical phase of the impulsive sequence, characterized by robust acceleration that reinforces the bullish sentiment.
An important invalidation level is identified at 18,764.15. A move below this level would nullify the current wave structure and prompt a reanalysis of the market’s wave pattern. This level serves as a critical checkpoint for validating the ongoing bullish wave progression.
Summary
- The DAX (Germany) weekly chart highlights a persistent bullish trend, with orange wave 3 unfolding after the completion of orange wave 2.
- The position within navy blue wave 5 signals strong upward momentum in the impulsive structure.
- The invalidation level at 18,764.15 serves as a critical confirmation point for the wave analysis.
- Attention remains on the continuation of orange wave 3, with levels above the invalidation threshold critical for sustaining the bullish perspective.
Technical Analyst: Malik Awais
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
Previous: S&P BSE Sensex (India) Elliott Wave Technical Analysis
VALUE Offer - Buy 1 Month & Get 3 Months!Click here
Access 7 Analysts Over 200 Markets Covered. Chat Room With Support
