DAX 30 FTSE 100 Technical Analysis Elliott Wave 10 January 2020
DAX 30 FTSE100 Technical Analysis Elliott Wave and Trading Levels for long and short term traders
Overview: DAX 30 Today we take a look at the long term Elliott Wave Primary wave structure that is testing the 2018 old highs of Primary Wave 3)
Elliott Wave: Wave 5 of (3)
Trading Levels: 13,000 is a Major Trading Level and the DAX 30 has a nice tested support on this level and will now break into new highs.
Trading Strategy: TradingLounge has two long positions around the 13,200 and will be looking to take 40% profit just above 13,500
FTSE 100 (UKX)
Overview: Today I'm only looking at the intra-day Elliott wave count on the CFD FTSE 100
Elliott Wave: Wave iv completed and Wave V to move above 7650
Trading Levels: Minor Group 2 is the resistance MG2|65|72|80 and that relates to 7650|7720|7800
Trading Strategy: Exit long trades at 7650 and wait for this level to develop as a tested support and then move back in.
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Education: Elliott Wave Structures
Elliott degrees in order: Grand Super cycle wave, Super cycle wave, Cycle wave, Primary wave, Intermediate wave, Minor wave, Minute wave, Minuette wave and Subminuette wave.
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