
DAX 30 Elliott Wave Analysis 16 March
DAX 30 | UK100 | Technical Analysis Elliott Wave Trading
Overview: Indices are trending higher and should continue over the next few trading sessions
Elliott Wave DAX 30: Wave iii of (iii)
TradingLevels: The Midpoint 14,500 as the support. The next resistance is Minor Group2 14,650|14,720|14,800 followed by the Medium Level ML15|15,000 also the target level.
DAX30 Trading Strategy: Long trades in play and adding on the support of 14,500
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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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About the Author
Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company. After learning Japanese analysis techniques, Peter moved to Sydney where he worked for various brokerage houses, furthering his practical knowledge of derivative markets.
Extending his passion overseas, Peter travelled to Britain where he studied both the UK and US markets. When Peter returned to Australia, he updated his qualifications and went on to write and deliver advanced trading workshops for global leaders in foreign exchange and derivative trading, including CMC Markets, City Index, Invast and others. As a well-seasoned trader, with an aptitude for investor education, Peter obtained the necessary licences to establish TradingLounge and offer education and trading support to traders and investors.