• 5 hours Trade In Counterfeit Goods Hits Half A Trillion Dollars
  • 11 hours Tesla Struggles To Compete In European Market
  • 1 day China: The New King Of Caviar
  • 1 day Gold Mid-Tiers Rally On Fresh Earnings Reports
  • 2 days Can The British Pound Overcome Brexit?
  • 2 days Is A Gold Breakout Near?
  • 3 days Federal Reserve Downgrades U.S. Growth And Cuts Rate Hikes
  • 3 days Disney Beats Out Comcast In $71.3B Mega-Merger
  • 3 days The Feds Continue To Prop Up Equities Markets
  • 4 days Bejing's Sway In South China Sea Is Fading
  • 4 days Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 4 days Airbnb In Acquisition Mode Ahead Of IPO
  • 4 days Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 5 days Champagne Sales Slow As European Economic Worries Grow Louder
  • 5 days Putin Signs “Digital Iron Curtain” Into Law
  • 5 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 5 days Tesla Looks To Jump Into Indian Market
  • 6 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 6 days Homeowners Experiment With Risky New Investment Trend
  • 6 days U.S. Tech Stocks Look Increasingly Vulnerable
Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

  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