• 108 days Will The ECB Continue To Hike Rates?
  • 108 days Forbes: Aramco Remains Largest Company In The Middle East
  • 110 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 510 days Could Crypto Overtake Traditional Investment?
  • 514 days Americans Still Quitting Jobs At Record Pace
  • 516 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 519 days Is The Dollar Too Strong?
  • 520 days Big Tech Disappoints Investors on Earnings Calls
  • 521 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 522 days China Is Quietly Trying To Distance Itself From Russia
  • 523 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 527 days Crypto Investors Won Big In 2021
  • 527 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 528 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 530 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 530 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 534 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 534 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 534 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 537 days Are NFTs About To Take Over Gaming?
Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

$DAX Elliott Wave Analysis Looking for Extension Lower

Short term Elliott Wave structure suggests Index ended wave X bounce at 10340. Decline from there is unfolding as a double correction where wave (W) ended at 9226.15 and wave (X) bounce is proposed complete at 9808.77. Near term wave (a) is expected to complete at 9353 - 9511 area, then it should bounce in wave (b) before Index resumes lower. As far as 9808.77 pivot stays intact during wave (b) bounce, we favor the Index to continue lower. We don't like buying the proposed wave (b) bounce.

DAX Short-Term Elliott Wave Analysis Chart
Larger Image

 


At EWF we offer 24 hour coverage of 50 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer.

 

Back to homepage

Leave a comment

Leave a comment