• 3 hours Widespread Power Outages Hit New York City
  • 6 hours Equifax To Pay $700 Million To Settle Data Breach Case
  • 8 hours Netflix Struggles To Rebound After Subscriber Hit
  • 1 day $15,000 For Your Crypto’s Ticket To Visibility
  • 2 days The Next Fashion Frontier
  • 3 days What Is Africa’s Role In The New Silk Road?
  • 4 days Trump Was Right About The Dollar
  • 4 days Is Silver Gearing Up For A Rally?
  • 4 days World’s Largest Hedge Fund Turns Bullish On Gold
  • 4 days It’s Time To Spend More On Clean Energy R&D
  • 5 days Contrarian Investors Are Beating The Stock Market
  • 5 days Bulgaria’s Revenue Agency Falls Victim To Biggest Cyber Heist In History
  • 5 days Amazon Faces European Union Anti-Trust Probe
  • 5 days Commodities Are Having A Stellar Year
  • 6 days Bezos’ Next Big Project Could Be Worth $100 Billion Per Year
  • 6 days 3,600 Years Later, Climate Change Turns Mammoths Into $40M Market
  • 6 days Tesla, Apple Claim China Is Stealing Intellectual Property
  • 6 days EV Giants Duke It Out For Battery Dominance
  • 7 days Tech Billionaire Takes Aim At Google
  • 7 days Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On German DAX And Crude Oil

German DAX

DAX recently posted wave 4) lows around 9614 level, after a nice impulsive structure had unfold in red wave 3). That said if the B-swing at 9809 level is broken, we may expect a continuation to higher levels in red wave 5).

German DAX, 1H

German DAX 1-Hour Chart


Crude OIL

Crude OIL is trading as planned, making a nice reversal towrads our upper channel line in wave iv), after the price made a nice five wave structure from February lows. In this pullback we expect a minimum three wave correction to unfold, ideally to around 36.00 area where previous midwsign can act as a support. Final target for this wave v) advance would then be around 40 levels.

Crude OIL, 1H

Crude Oil 1-Hour Chart

 


For more analysis like this, visit our site at --> www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment