DAX Elliott Wave Analysis for Friday 08/12/2023
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The lower time frame is currently hard to interpret. The 4h and 1h are showing divergence which indicates an ending structure. The 15m gives us a strong move which might indicate another upward cycle.
Related publications
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.