• 17 hours Boris Johnson Proposes Billion Dollar Bridge To Northern Ireland
  • 2 days Goldman Slashes Oil Price Forecast By $10
  • 3 days Tesla Raises $2 Billion In Share Selloff
  • 4 days What The T-Mobile Takeover Of Sprint Really Means For Markets
  • 4 days The U.S. Has Charged Huawei With Racketeering And Conspiracy
  • 4 days How Hydrogen Could Become The Fuel Of The Future
  • 5 days Millennials Can’t Retire, But They’ll Still Have To Help Their Parents
  • 5 days This Gold Miner Just Increased Its Dividends By 40%
  • 5 days Airbnb IPO Under Threat As China's Economy Drags
  • 6 days The Infamous Equifax Hack Just Became A National Security Issue
  • 6 days BHP Takes The Crown As World’s Top Copper Miner
  • 6 days Tesla Reopens Chinese Factory After Coronavirus Scare
  • 7 days Armed Troops Storm El Salvador’s Parliament
  • 7 days Is A New Housing Bubble Forming?
  • 7 days The Biggest Challenge Facing West Africa's Single Currency Plan
  • 7 days Iran's Space Program Hits Another Snag
  • 8 days The Politics Of Love In The Digital World
  • 8 days Coronavirus: Much Ado About Nothing?
  • 9 days Are Silver Stocks Poised For A Breakout?
  • 9 days Is This The Tesla Of Motorcycles?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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: Pullback Completed

Short term DAX Elliott Wave view suggests the rally from 5/18 is unfolding as a double three Elliott Wave structure. Minute wave ((w)) ended at 12879.5 and Minute wave ((x)) pullback ended at 12617. Internal of Minute wave ((x)) subdivided as an expanded flat Elliott Wave structure where Minutte wave (a) ended at 12633.5, Minutte wave (b) ended at 12922.5 and Minutte wave (c) of ((x)) ended at 12617. DAX has broken above Minutte wave (b) on 6/14, adding conviction that the next leg higher has started. Up from 12617, the rally is unfolding as a zigzag Elliott Wave structure where Minutte wave (a) ended at 12948.5 and Minutte wave (b) is proposed complete at 12701.5. Near term, while pullbacks stay above 12701.5, and more importantly above 12617, expect Index to extend higher. We do not like selling the Index.

DAX 1 Hour Elliott Wave Chart

Back to homepage

Leave a comment

Leave a comment