DAX Index Elliott Wave technical analysis [Video]
The post DAX Index Elliott Wave technical analysis [Video] appeared on BitcoinEthereumNews.com. DAX Wave technical analysis daily chart Function: Bullish Trend. Mode: Impulsive. Structure: Orange Wave 1. Position: Navy Blue Wave 3. Direction (Next Lower Degree): Orange Wave 2. Details: Navy Blue Wave 2 appears completed; Orange Wave 1 of 3 is now unfolding. Wave Invalidation Level: 18530. Technical overview Germany’s DAX index is showing strong upward momentum on the daily chart. The wave count indicates the formation of Orange Wave 1 within a larger Navy Blue Wave 3, confirming the end of Navy Blue Wave 2. This marks the beginning of a new impulsive upward phase, suggesting the market is in the early stages of a bullish sequence. Market behavior The completed correction of Navy Blue Wave 2 transitions into Orange Wave 1’s impulse, marked by sustained buying strength. The current structure supports a bullish outlook, though any drop below 18530 would invalidate this wave count and could imply a deeper correction or trend change. Trading implications This setup positions the DAX for potential gains during Orange Wave 1, which typically precedes a corrective Orange Wave 2. Traders should monitor for continuation signals and manage positions carefully, given the early phase of this bullish trend. The current wave formation emphasizes upward potential with risk controls in place. DAX Elliott Wave analysis weekly chart Function: Bullish Trend. Mode: Impulsive. Structure: Navy Blue Wave 3. Position: Gray Wave 3. Direction (next lower degree): Navy Blue Wave 4. Details: Navy Blue Wave 2 appears complete; Navy Blue Wave 3 is active. Wave invalidation level: 18530. Technical overview The weekly DAX chart shows an active bullish trend with Navy Blue Wave 3 progressing inside a larger Gray Wave 3. With Navy Blue Wave 2 concluded, this third wave signals a strong upward leg that often shows the greatest strength in Elliott Wave sequences. Market behavior…
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The post DAX Index Elliott Wave technical analysis [Video] appeared on BitcoinEthereumNews.com.
DAX Wave technical analysis daily chart Function: Bullish Trend. Mode: Impulsive. Structure: Orange Wave 1. Position: Navy Blue Wave 3. Direction (Next Lower Degree): Orange Wave 2. Details: Navy Blue Wave 2 appears completed; Orange Wave 1 of 3 is now unfolding. Wave Invalidation Level: 18530. Technical overview Germany’s DAX index is showing strong upward momentum on the daily chart. The wave count indicates the formation of Orange Wave 1 within a larger Navy Blue Wave 3, confirming the end of Navy Blue Wave 2. This marks the beginning of a new impulsive upward phase, suggesting the market is in the early stages of a bullish sequence. Market behavior The completed correction of Navy Blue Wave 2 transitions into Orange Wave 1’s impulse, marked by sustained buying strength. The current structure supports a bullish outlook, though any drop below 18530 would invalidate this wave count and could imply a deeper correction or trend change. Trading implications This setup positions the DAX for potential gains during Orange Wave 1, which typically precedes a corrective Orange Wave 2. Traders should monitor for continuation signals and manage positions carefully, given the early phase of this bullish trend. The current wave formation emphasizes upward potential with risk controls in place. DAX Elliott Wave analysis weekly chart Function: Bullish Trend. Mode: Impulsive. Structure: Navy Blue Wave 3. Position: Gray Wave 3. Direction (next lower degree): Navy Blue Wave 4. Details: Navy Blue Wave 2 appears complete; Navy Blue Wave 3 is active. Wave invalidation level: 18530. Technical overview The weekly DAX chart shows an active bullish trend with Navy Blue Wave 3 progressing inside a larger Gray Wave 3. With Navy Blue Wave 2 concluded, this third wave signals a strong upward leg that often shows the greatest strength in Elliott Wave sequences. Market behavior…
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