DAX Elliott Wave Analysis for Friday 12/01/2024In 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 alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario suggests that wave 4 has finished as an ABC structure.
Dax40
DAX to find buyers at market levels?GER40 - 24h expiry
Short term bias has turned positive.
Levels close to the 50% pullback level of 16724 found buyers.
The primary trend remains bullish.
We look to buy dips.
Prices have reacted from 16444.
We look to Buy at 16725 (stop at 16645)
Our profit targets will be 16925 and 16985
Resistance: 16885 / 16962 / 17004
Support: 16790 / 16724 / 16657
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US100 ENTRIES FOR SHORT,Longs All Trap Zones for 5th Jan.2023This analysis is only for my honorable followers.
Click on the chart above
and study it closely, before taking any trade today: Ofcourse if you want to win.
I will buy if these conditions hit. if one of them do not hit, the bulls will get trapped hard
30 min close above 16425
US DATA TODAY VERY STRONG for nasdaq,gold, etc
but negative for the U DOLLAR
and if retracment after 30 minute closing
firm above 16425
My first target will be 16820
Here I will solve out my short hedge that I have opened
at 16853, and take Profit. But I will add more longs too,
and all longs that are active,but hedged will run along
SELL CONDITIONS: I would ell US100 ONLY and ONLY, if these conditions met. Otherwise the downward move will be a bear trap
16275: I would open a short , below this price only
if:
1. it reache 16244 or 16223
2.I will wait for a pullback to 16275
3. if it cannot break above that level,
t hen I would open the short.
Profit levels are as lower mentioned.
At 15939 we have 0,382 Fibonacci of Hourly and higher
Time frame(that is very strong support level no. 2)
TRAP ZONE 1
THE OPEN PRICE TODAY
is below yesterdays range, but
it is not rejected
tHIS IS AN INDICATION THAT the market is
accepting the lower price, and the sentiment ha not been changed
Both bulls and bear will get trapped very often in this range
16356-16416
TRAP ZONE
BULLS got trapped
in this zone twice this week
I will AVOID TO ENTER THIS ZONE AND
GETTING TRAPPED
BETTER: I WILL WAIT
If You are Gold Digger and speculate
to take some pips
your Risk Reward ratio will be high(Higher RISK THAN REWARD)
As at this point the market quickly changes sentiments
Follow the price The trend is your friendCut losse quickly, Let the profits run. Dont predict the market. Intelligent traders follow these principals only.
DAX Elliott Wave Analysis for Wednesday 10/01/2024In 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 alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario suggests that wave 4 has finished as an ABC structure.
GER40 ideaAfter price broke structure to the downside, it retraced and retested a supply zone before preceding to break further structure with momentum. Before it broke the latest low, it formed liquidity right below a golden zone that it is currently retracing towards. It is this liquidity that it could use to fuel it's move to the downside to take out the latest weak low since it is now confirmed that price has just shifted to a bearish overflow.
DAX Elliott Wave Analysis for Tuesday 09/01/2024In 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 alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario suggests that wave 4 has finished as an ABC structure.
DAX Elliott Wave Analysis for Monday 08/01/2024In 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 alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario suggests that we are now working on wave 4 as an ABC structure.
DAX Elliott Wave Analysis for Friday 05/01/2024In 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 alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario suggests that we are now working on wave 4 as an ABC structure.
DAX Elliott Wave Analysis for Wednesday 03/01/2024 (+ HTF)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 alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded.
DAX Elliott Wave Analysis for Wednesday 20/12/2023In 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 alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures.
DAX Short setupDax looks so good for a short. I can clearly see a broke down of a weekly trendline on higher timeframe. On lower timeframe we can also see a break of a short-term trendline, short squeeze and drop. My indicators also shown a good divergence on h4 timeframe, and a drop is gihly expected
DAX Elliott Wave Analysis for Monday 18/12/2023 (+ HTF)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 alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures.
DAX Elliott Wave Analysis for Friday 15/12/2023In 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 alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures.
DAX Elliott Wave Analysis for Wednesday 13/12/2023In 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 alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures.
GER 40 TECHNICAL ANALYSIS 11/12/2023-15/12/2023The Index is currently trading in an uptrend parallel channel, and momentum also indicate that the bulls are still in control of the market, so the interesting thing is are we going to see a pullback to level around 16500.00 level for us to get into the trade or the index will still go up.
A deep pullback to around 16000.00 will still provide good entry levels for one to get into the trade, Will wait and see what is going to happen.
DAX Elliott Wave Analysis for Monday 11/12/2023 (+ HTF)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 alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures.
DAX Elliott Wave Analysis for Friday 08/12/2023In 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.
DAX Elliott Wave Analysis for Wednesday 06/12/2023In 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.
DAX Elliott Wave Analysis for Monday 04/12/2023 (+ HTF)In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low can be in after a triple three correction or an expanded flat. As long as we do not take out the 31/07/23 high, there is still a possibility that we will have an expanded flat trap. The impulse we are seeing from the October low is then a wave C.
DAX Is Trading In Wave 5 Of An ImpulseDAX has nice and clean impulsive personality away from the lows in the 4-hour chart which indicates for more gains, but we should be aware of some slow down after a five-wave movement, which can approach the temporary 16530-16600 resistance area from where we may see some pullback.
DAX Analysis - Exploring Potential Corrections 📉Hello Friends 😁
Since our last analysis of the DAX, significant developments have unfolded. We've adjusted the analysis slightly to the left, identifying Wave 3, Wave 4, and Wave 5, or alternatively, Wave 1 and Wave A. In my perspective, the upward trend represents either a Wave B or Wave 2 correction. As long as we stay within the 100% correction, it continues to signal a Wave 2 correction. Anything beyond 100% could indicate a Wave B correction.
Regardless, I anticipate a substantial downturn. Consequently, I expect an entry point at 90%, as this level is likely to be reached, especially after surpassing the 78.6% mark. There is a possibility it could correct up to 100%, but personally, I plan to enter at 90%, with a slightly wider stop-loss for added security. I do not anticipate a new All-Time High or expect the current All-Time High to hold for an extended period. 💥🔍
DAX Elliott Wave Analysis for Thursday 30/11/2023 In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as a WXY with an expanded flat as wave X. The secondary scenario assumes that the wave ((2)) low is in after a triple three correction. As long as we do not take out the 31/07/23 high, we are reluctant to make this our primary scenario.