DAX Elliott Wave

tradinglounge.comDAX Elliot Wave Chart 4 hr

07 January 2019 Elliot Wave German dax unfolded an EW ending diagonal within wave five as part of a bigger, bearish trend. We can see that price seems to have found a low at the 10280 level, from where a nice rally is developing. This rally can be part of a minimal three-wave recovery, which can take price above the 10987 level.

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11/01/2019

tradinglounge.comDAX Elliot Wave Chart 4 hr

12 November 2018 Elliot Wave German DAX is unfolding a complex correction from the lows, which looks more and more like a seven-swing pullback. We specifically see sub-wave C of 4) in play, which can take price towards the 11850 level, from where a new bearish reversal may follow. That said, a drop in impulsive fashion and a break below the 11400 region would confirm a completed correction and more weakness.

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13/12/2018

tradinglounge.comDAX Elliot Wave Chart 4 hr

06 November 2018 Elliot Wave No change. German DAX is still unfolding a wave 4) correction which can be looking for resistance and a reversal around the 11700 area; that's just above 38.2% Fib. level and close to a trendline connected from 12465 level. Also, recovery is overlapping so we would not be surprised if price would come lower in upcoming sessions. That said, a reversal in impulsive fashion would suggest a drop into wave 5).

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29/11/2018

tradinglounge.comDAX Elliot Wave Chart 4 hr

30 October 2018 Elliot Wave German DAX is slowly picking up from the lows, indicating that a bigger bearish wave 3) found support, and a temporary correction as wave 4) is now in play. If so, then wave 4) may unfold a three-wave pullback which can look for resistance this week near the Fibonacci ratio of 38.2. This comes in close around 11527 gap which can be a nice turning point as well.

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16/11/2018

tradinglounge.comDAX Elliot Wave Chart 4 hr

25 October 2018 Elliot Wave German DAX is trading in a wave 3) as part of a bigger, bearish cycle; currently tracking sub-wave 5 of 3) so sooner or later bearish price action may stabilize since we know that after every five waves a correction follows. Ideally this correction will be wave 4) as part of an ongoing weakness.

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9/11/2018

tradinglounge.comDAX Elliot Wave Chart 4 hr

18 October 2018 Elliot Wave On DAX price also rallied, which can be only temporarily as we are tracking wave 4 correction as part of a downtrend. Wave 4 is a correction that can now be trading near completion, and can look for resistance and a reversal lower near the 11860 region. A drop in impulsive fashion will suggest a completed correction and more weakness.

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31/10/2018

tradinglounge.comDAX Elliot Wave Chart 4 hr

12 October 2018 Elliot Wave DAX is falling sharply, possible out of a big triangle, so we see a new ongoing decline into wave three of C. Wave C is a motive wave so traders should be aware of more weakness after any corrective rallies on intraday charts. Resistance for upcoming wave four is around 11700-11800 area, once wave 3 finds a base. Some support for wave 3 can be found near the Fibonacci ratio of 423.6 and near the lower channel line.

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25/10/2018

tradinglounge.comDAX Elliot Wave Chart 4 hr

05 October 2018 Elliot Wave No change. DAX can be trading in wave B) as part of a wave D rise that can still be headed to 12600/12800 area. Ideally new rise will resume this week from around 12150/12100 area where current sell-off can stabilize at Fib support levels.

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18/10/2018

tradinglounge.comDAX Elliot Wave Chart 1 hr

01 October 2018 Elliot Wave Despite very aggressive fall last week on DAX, this index still has a bullish path; ideally a flat that can be again bottoming around 12160. We think that sooner or later index will be above 12460.

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11/10/2018

tradinglounge.comDAX Elliot Wave Chart 4 hr

25 September 2018 Elliot Wave On DAX we are looking at a more complex, higher degree correction. We are observing a triangle in play on a daily time frame with current strong reversal up from 11860 area seen as first leg within wave D of that triangle. Each leg in a triangle has a three wave structure so we think that more upside can be coming towards 12800-12900 area, especially after wave B) pullback. But as it looks right now, it seems that wave A is still underway and can reach 12600, especially if trendline holds as a support.

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2/10/2018

tradinglounge.comDAX Elliot Wave Chart 4 hr

17 September 2018 Elliot Wave No change. On DAX we are looking at a more complex, higher degree correction. We are observing a triangle in play on a daily time frame with current overlapping decline from the 13300 area seen as wave C of that big consolidation. So if we are correct then downside can be limited at the lower trendline support which is not far away. In fact, around 11800 we also see some Fibonacci levels that can cause a bounce this month.

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25/09/2018

tradinglounge.comDAX Elliot Wave Chart 1 hr

10 September 2018 Elliot Wave European stocks remains in downtrend with DAX showing an incomplete bearish five wave cycle within wave C), therefore be aware aware of more weakness ahead, but after wave 4 rally into 12090 area.

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18/09/2018

tradinglounge.comDAX Elliot Wave Chart 1 hr

03 September 2018 Elliot Wave DAX can be similar as EURUSD. We are tracking a three-wave correction after impulsive five waves up that can slow down around ideal previous wave iv and 61,8% Fibo. retracment, exactly at 12300 level. Of course, this can be more complex, while it's trading within channel range, but once it breaks higher above channel resistance line, then we may consider a completed correction and DAX may continue its uptrend. DAX remains bullish as long as it's above 12109 invalidation level.

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12/09/2018

tradinglounge.comDAX Elliot Wave Chart 1 hr

27 August 2018 Elliot Wave DAX made five waves up from 12109 towards 12500 that we see as a new bullish trend, but this trend may continue after three waves of a pullback which can take price back to 12300 area before new strong leg up occurs. So there is a chance for some risk-off moves at the start of the week which may finally send GBPJPY back to the downside, but we still need that overlap with 141.30

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5/09/2018

tradinglounge.comDAX Elliot Wave Chart 4 hr

20 August 2018 Elliot Wave No change.Dax fell to a new low, making an extension lower into sub-wave 5 of C) that can be a final piece of a three leg decline in E of four. However, we will have to see an impulse up to confirm a turn. Rally back above 12330 would definitely be very interesting for bullish price moves going forward.

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30/08/2018

tradinglounge.comDAX Elliot Wave Chart 4 hr

10 August 2018 Elliot Wave No change. DAX made a new reversal from the 12888 level which is a confirmation for a completed leg D, and for a three-wave drop to follow into wave E of IV. We labelled first leg down to 12490 as sub-wave A) of E so more damage can be seen after wave B pullback that already shows signs of a reversal down from around 12730; at the trendline resistance.

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23/08/2018

tradinglounge.comDAX Elliot Wave Chart 4 hr

2 August 2018 Elliot Wave DAX made a new reversal from the 12888 level which can now be a confirmation for a completed leg D, and for a new three-wave drop to follow into wave E of IV. A break below the lower channel line will confirm a three-wave drop fro wave E, with possible support around the 12534/12463 region.

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14/08/2018

tradinglounge.comDAX Elliot Wave Chart 4 hr

27 July 2018 Elliot Wave No change. German dax is still trading in wave D as part of a higher degree triangle correction. We labelled a three-wave A)-B)-C) pattern that can look for resistance and a bearish reversal around the 12850/13000 region. That said, current rally form the 12534 level confirms a completed sub-wave B) and sub-wave C) to be in play.

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8/08/2018

tradinglounge.comDAX Elliot Wave Chart 4 hr

24 July 2018 Elliot Wave No change. German DAX is seen trading in a bigger, complex correction, known as a triangle pattern which is fully shown on the daily chart. Here on the 4h chart we see current drop as leg A), first wave of a three-wave move within wave E that can once completed push price into a temporary pullback labelled as leg B). The whole three-wave move within wave E can later look for support around the 12386 level, level of a previous swing low.

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2/08/2018

tradinglounge.comDAX Elliot Wave Chart 1 hr

17 July 2018 Elliot Wave DAX is slow in the last couple of days which suggest a correction within uptrend, so we are tracking a three-wave A-B-C pullback, back towards 61,8% Fibo. retracement, where wave C may find support around 12300 level.

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26/07/2018