DAX Elliott Wave Analysis for Friday 06/10/2023There are some signs in favor of a reversal which means that the corrective WXY structure down can be finished. However, at this moment, we are still bearish in the daily and the weekly timeframe.
Dax40
DAX Elliott Wave Analysis for Thursday 05/10/2023There are some signs in favor of a reversal which means that the corrective WXY structure down can be finished. However, at this moment, we are still bearish in the daily and the weekly timeframe.
DAX Elliott Wave Analysis for Wednesday 04/10/2023As expected we are seeing further downside as a wave ((v)). There are some signs in favor of a reversal which means that the corrective WXY structure down can be finished. However, at this moment, we are still bearish in the daily and the weekly timeframe.
DAX Elliott Wave Analysis for Tuesday 03/10/2023As expected we are seeing further downside as a wave ((v)). There are some signs in favor of a reversal which means that the corrective WXY structure down can be finished. However, at this moment, we are still bearish in every timeframe.
NAS100 TRADE IDEANasdaq 100 began the trading week with strong sell candles and eventually enters a bullish trend at the open of the New York trading session yesterday. We have NFP on Friday so we should expect high volatility at any point in time this week and trade with strong risk management. Nasdaq 100 closed slightly Lower yesterday with bearish candles. We should see strong retracement to the upside after a retest to the downside before or after the open of the NY trade session.
DOW JONES TRADE IDEADow Jones began the trading week with strong consolidations ranging from buy candles to sell candles. We have NFP on Friday so we should expect high volatility at any point in time this week and trade with strong risk management. Dow Jones closed Lower yesterday with bearish candles. We should see strong retracement to the upside after a retest to the downside.
DAX Elliott Wave Analysis for Monday 02/10/2023 (+ Higher TF)For traders (lower timeframe)
The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside as a wave ((v)).
For investors (higher timeframe):
In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors.
DAX Elliott Wave Analysis for Friday 29/09/2023The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside.
DAX Elliott Wave Analysis for Thursday 28/09/2023The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside.
DAX Elliott Wave Analysis for Wednesday 27/09/2023The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside.
US30 TRADE IDEADow jones has been on a bearish trend since the close of last trading week and the beginning of this week. Dow jones should open bullish at the open of the New York trading session today after having strong bears the previous day.
NASDAQ 100 TRADE IDEANasdaq 100 has been on a bearish trend since the close of last week trading. Nasdaq 100 also continue bearish at the beginning of the week on Monday. We should see strong retracement to the upside at the open of the New York Trading session at 15:30h.
GER40 lack of interest is a concern for the bulls.GER40 - 24h expiry
The lack of interest is a concern for bulls.
Previous support at 15600 now becomes resistance.
There is no clear indication that the downward move is coming to an end.
Rallies should be capped by yesterday's high.
Current prices have reacted from a low of 15327, however, we expect further losses to follow.
We look to Sell at 15578 (stop at 15678)
Our profit targets will be 15328 and 15268
Resistance: 15440 / 15500 / 15600
Support: 15327 / 15300 / 15200
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
DAX Elliott Wave Analysis for Tuesday 26/09/2023The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside. This downside should be preceded by an upward move as we are close to finishing an ABC structure.
DAX Elliott Wave Analysis for Monday 25/09/2023The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside. This downside should be preceded by an upward move as we probably finished a WXY structure (in red) or we are close to finishing an ABC structure (in green).
DAX Elliott Wave Analysis for Thursday 21/09/2023The primary scenario (in green) is now calling for a triangle as a wave (X). We are still missing the E leg before we break down as a wave (Y). The secondary scenario (in red) assumes that wave (X) is in and that we can expect more downside as a wave (Y).
DAX Elliott Wave Analysis for Wednesday 20/09/2023The primary scenario (in green) is now calling for a triangle as a wave (X). We are still missing the E leg before we break down as a wave (Y). The secondary scenario (in red) assumes that wave (X) is in and that we can expect more downside as a wave (Y).
DAX Elliott Wave Analysis for Monday 19/09/2023The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
DAX Elliott Wave Analysis for Monday 18/09/2023The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
DAX Elliott Wave Analysis for Friday 15/09/2023 (+ Higher TF)For traders (lower timeframe):
The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). In our move down, we should first see some upside as a wave ((b)) or wave ((2)). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
For investors (higher timeframe):
In the higher timeframe, the higher level wave ((1)) is probably finished. There is also an alternative scenario where we can make one more high to finish wave ((1)). This wave ((1)) should be followed by a wave ((2)) to the downside which is an interesting buying opportunity for investors. The wave ((2)) is currently unfolding as a WXY structure. Investors should buy the Y leg.
DAX Elliott Wave Analysis for Thursday 14/09/2023The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). In our move down, we should first see some upside as a wave ((b)) or wave ((2)). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
DAX Elliott Wave Analysis for Wednesday 13/09/2023The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). In our move down, we should first see some upside as a wave ((b)) or wave ((2)). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
DAX Elliott Wave Analysis for Tuesday 12/09/2023The primary scenario (in green) is playing out and it looks like we finished wave (X). We can expect more downside as a wave (Y). In our move down, we should first see some upside as a wave ((b)) or wave ((2)). The secondary scenario (in red) assumes more upside as a corrective wave B. That would mean we get an ABC flat correction instead of a WXY.
