• 557 days Will The ECB Continue To Hike Rates?
  • 557 days Forbes: Aramco Remains Largest Company In The Middle East
  • 559 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 959 days Could Crypto Overtake Traditional Investment?
  • 964 days Americans Still Quitting Jobs At Record Pace
  • 966 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 969 days Is The Dollar Too Strong?
  • 969 days Big Tech Disappoints Investors on Earnings Calls
  • 970 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 972 days China Is Quietly Trying To Distance Itself From Russia
  • 972 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 976 days Crypto Investors Won Big In 2021
  • 976 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 977 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 979 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 980 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 983 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 984 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 984 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 986 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On German DAX And SP500

German DAX

German Dax is trading quite nicely, making a five wave move to the upside from recent lows at 9201.50. We know that after every five wave move, a three wave correction follows, so we believe a temporary pullback may be in store in the next few sessions. Regarding the gap, we know that after a gap is open, it has to be closed or covered, so in our case, we believe price will continue to go to the upside, and entirely cover the gap.

German DAX, 30Min

DAX 30-Minute Chart


S&P500

Stocks bounced from their lows strongly. S&P500 posted some potential lows after five waves down had unfolded in the blue wave C. We can now count a clear structure with an ending diagonal pattern at the end. An ending diagonal is a powerfull reversal pattern, which after its completion tends to make a sharp reversal higher, ideally reaching the start point of this patter.

S&P500, 30Min

S&P500 30-Minute Chart

 


Interested in our services ? We have a Special Offer : Get First 2 Months For The Price Of 1!! Grab the opportunity now at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment