• 849 days Will The ECB Continue To Hike Rates?
  • 849 days Forbes: Aramco Remains Largest Company In The Middle East
  • 851 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,251 days Could Crypto Overtake Traditional Investment?
  • 1,255 days Americans Still Quitting Jobs At Record Pace
  • 1,257 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,260 days Is The Dollar Too Strong?
  • 1,261 days Big Tech Disappoints Investors on Earnings Calls
  • 1,262 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,263 days China Is Quietly Trying To Distance Itself From Russia
  • 1,264 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,268 days Crypto Investors Won Big In 2021
  • 1,268 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,269 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,271 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,271 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,275 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,275 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,276 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,278 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis For German Dax And EURGBP

German DAX

German DAX made three waves of a pullback from the high which is a structure of a contra-trend price action so traders should be aware of a bounce as we see this retracement within larger uptrend. It looks like a red wave 4) so new push higher can be in the cards for a red wave 5) all the way up to 10000 area.

German DAX, 1H

German Dax 1-Hour Chart


EURGBP

I am still observing EURGBP very closely for possible shorts after a pullback which I think it's not over yet. I see broken trendline so assume that price can travel slightly higher, up to 0.7812 resistance of former wave four where it's also 50% retracement so it appears to be like an area for end of wave B).

EURGBP, 1H

EURGBP 1-Hour Chart

 


If you like our trading analysis, you can visit our site at --> www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment