• 9 hours El Salvador’s Surprise Bitcoin Move
  • 3 days Markets Unfazed As Inflation Hits 13-Year High
  • 4 days How the Token Economy is Disrupting Financial Markets
  • 6 days FBI Investigating 100 Types Of Ransomware Attacks
  • 8 days Fed Ends Corporate Credit Emergency Lending Program
  • 10 days AMC Becomes the Latest Winning Meme Stock After GameStop
  • 11 days The Real Reason Your 401k Has Been Lagging
  • 12 days China Lifts Cap On Births, Allows Three Children Per Couple
  • 14 days The Market Is Ripe For Another GameStop Saga
  • 17 days Senate Grills Big Banks Over Pandemic Opportunism
  • 19 days Cannabis Has A Major Cash Problem
  • 19 days Ransomware Netted Criminals $350M In 2020 Alone
  • 20 days Russia Is Taking On Google
  • 21 days Chinese Regulators Deal Another Big Blow To Bitcoin
  • 22 days Ohio Residents Brave Vaccine for Chance To Win $1M
  • 24 days Inflation Is Coming. Are You Prepared?
  • 25 days Travel Might Get Another Supersonic Disruption
  • 26 days The World Is Running Out Of 6 Key Resources
  • 27 days $15/Hour Minimum Wage Might Happen Naturally
  • 29 days Money-Laundering Binance Probe Report Adds To Bitcoin Woes
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for…

Contact Author

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On German DAX And Crude Oil

German DAX

On the intraday chart of German DAX, we are observing an idea of a zig-zag pattern in red wave B), that started from wave A) lows at 9392.2 and could already be near completion, as three legs to the upside have already unfold. That said broken lower channel line can suggest more weakness in seasons ahead, ideally towards 9536-9606 area, where recent gap can be filled.

German DAX, 1H

German DAX 1-Hour Chart


Crude Oil

As of recent completed five wave rally from wave iv-circled lows towards 42.47 level, we believe that price is now trading in a correction, ideally in wave b)/ii) that can reverse around 42.00-42.15 area, into wave c)/iii). That said invalidation level is at 42.47-as long as it holds, the count is valid.

Crude OIL, 1H

Crude Oil 1-Hour Chart

 


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

 

Back to homepage

Leave a comment

Leave a comment