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Dax30short

DAX Bearish Sequence Calling For More DownsideHello Traders, DAX short-term Elliott wave view suggests that the decline to 11865.47 low ended blue wave (W). Up from there, the bounce to 12460.67 high ended blue wave (X). The internals of that bounce unfolded as a zigzag structure where red wave A ended at 12184.41 high in lesser degree 5 waves. A pullback to 12064.41 low ended red wave B in 3 swings. While a rally to 12460.67 ended red wave C in another 5 waves in lesser degree cycle & also completed blue wave (X) bounce. Down from there, the index has made a new low below 9/11 low (11865.47) confirming the next extension lower taking place. The initial decline from 12460.67 high is unfolding in 5 waves impulse structure where black wave ((i)) ended at 12174.69 low. A bounce to 12348.86 high ended black wave ((ii)). Then a decline to 11803.19 low ended black wave ((iii)). Black wave ((iv)) bounce ended at 11998.64 high. Currently, we are calling black wave ((v)) of red wave A complete at 11520.97 and as long as the Index stays above that level it is expected to continue wave B bounce in 3, 7 or 11 swings before further downside is seen. We expect sellers to appear in 3, 7 or 11 swings against 12460.67 high dont like the buying of the index.
XETR:DAXShort
by Elliottwave-Forecast
1
DAX SHS-Formation?The DAX has been weak in the last weeks. If the index is about to fall on the support at about 11.800 points we could have a S-H-S formation, with the neckline at this level. If the DAX would break through this neckline it could open a plummet to 10.060 Points. In fib retracements: the left shoulder started on 61.8%, the head was the last ATH (so 100%), the right shoulder found its high at the descending trend line, slightly above the left shoulder. The neckline would be the 61.8% - fib. Taken the difference between 61.8% (11.800) to 100% (13.600) in logarithmic scale and "mirrored" to the bottom we reach the fib retracement 23.6% (10.060). This negative trend is confirmed by the indicators RSI and MACD. There are several support lines to be broken: 1) swing trend line (actual level) 2) ascending trend line (dotted) 3) each fib retracement (without the 50% fib, cause it hasn´t had a value in the past) Before positioning one should wait and see if the S-H-S formation will be formed or not. This is no trading advice!
XETR:DAXShort
by Luettis
DAX Elliott Wave Analysis: Bounce Can Be TemporaryHello Traders, In this short-term analysis, we will have a look at the German DAX Index. DAX short-term Elliott wave analysis suggests that the rally to 12882.05 high ended red wave X bounce. The internals of that bounce unfolded as Elliott wave double three structure where black wave ((w)) ended at 12640.87. Black wave ((x)) ended at 12468.68 and black wave ((y)) of red X ended at 12882.05 high. Down from there, DAX is currently suggesting that it is unfolding as a potential 5 waves structure. Where blue wave (i) ended at 02/08/18 low (12491.53), blue wave (ii) pullback at 07/08/18 peak (12740.66), and blue wave (iii) at 08/13/18 low (12321.45). Currently, it is in the progress of making a pullback in blue wave (iv) before extending 1 more leg lower in blue wave (v) before a 3 waves bounce higher can be seen. We don’t like selling it.
XETR:DAX
by Elliottwave-Forecast
DAX Bigger Picture View Head And Shoulders FormationI had a few ideas removed from the site as there were links in the descriptions. I am re-posting those Ideas without the links. This is a good setup on the DAX 0.38% for those who trade patterns like H&S . The slight downward slope on the neckline is usually a good sign that the pattern will be reliable as a trend change pattern. This will obviously take some time to play out but the target to the downside of this pattern is a nice round number as well. I will use formations on lower time frames to enter positions on this instrument. Contact me via direct message for any assistance Cheers LInton
TVC:DEU40Short
by Linton_White
1