We're convinced that the DAX is the most readable and interesting Elliott wave count among the indices.
We are making a second "weird" impulse (with W3<W1) which could be the C of an upward ZZ, in red.
The first leg found its top at the 0.382 extension of 0-3 off the 4. We could repeat the exact pattern and top in this green box as shown on the chart below.
Why is all this important? Because the DAX is currently more readable than the SPX and indices are all correlated.
The coming trading days/weeks will define which Elliott wave path to follow... for all indices.
We are making a second "weird" impulse (with W3<W1) which could be the C of an upward ZZ, in red.
The first leg found its top at the 0.382 extension of 0-3 off the 4. We could repeat the exact pattern and top in this green box as shown on the chart below.
Why is all this important? Because the DAX is currently more readable than the SPX and indices are all correlated.
The coming trading days/weeks will define which Elliott wave path to follow... for all indices.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.