• 11 hours BlackRock Makes A Run On Asian Stocks
  • 18 hours Gold Prices Surge Above $1,800
  • 1 day Chinese Stocks Soar On Bullish Economic Data
  • 2 days Apple’s “Holy Grail Of Data” Leaves Energy Traders Disappointed
  • 2 days Gold Rally Adds $250 Billion To Top 50 Miners' Market Cap
  • 2 days TikTok Is Becoming A New Battleground For Tech Politics
  • 3 days Peru's Mining Industry Pummeled As Coronavirus Cases Surge
  • 3 days Why The World Is So Divided In Its COVID-19 Response
  • 3 days Equities Cheer Stellar Jobs Report, But It May Be Fleeting
  • 4 days Is Tech Billionaire Peter Thiel Done With Trump?
  • 5 days Musk Takes To Twitter To Troll The SEC
  • 6 days Lunar Mining May Commence As Early As 2025
  • 6 days Immigration Will Go Bust Without $1.2B Bailout
  • 7 days The Economics Of The Space Race
  • 8 days Why The World's Central Banks Aren't Yet Sold On Renewables
  • 8 days How Much More Cash Can Uber Burn?
  • 9 days Inside The Biggest Counterfeit Gold Scandal In Recent History
  • 9 days EU-U.S. Trade Relations Are Deteriorating
  • 9 days Over 184 Companies Have Bailed On Facebook
  • 10 days BP Sells Petrochemical Business For $5 Billion
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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

Elliot Wave Forecast - 11/01

Rally from 8/29 low in DAX is unfolding as a double three Elliott Wave structure where Intermediate wave (W) ended at 13089 and Intermediate wave (X) ended at 12903. Up from there, the rally from 12903 low appears to be unfolding as an impulse. Minute wave ((i)) ended at 13066, Minute wave ((ii)) ended at 12906.5, and Minute wave ((iii)) ended at 13249.5. Near term, while pullbacks stay above 12903 low, expect Index to extend higher.

Alternatively, the rally from 10/19 low (12903) can also be unfolding as a flat Elliott Wave structure. In this alternate scenario, DAX can start to correct cycle from 10/19 low now in 3, 7, or 11 swing without making another push higher in Minute wave ((v)). However, regardless whether DAX makes another leg higher or not, we expect Index to remain supported and dips remain to be bought in 3, 7, or 11 swing as far as pivot at 12903 stays intact.

DAX 1 Hour Elliott Wave Analysis

By Elliot Wave Forecast

Back to homepage

Leave a comment

Leave a comment