DAX (Germany) Elliott Wave Technical Analysis – Daily Chart
Trend AnalysisFunction: Trend
Mode: Impulsive
Structure: Orange wave 5
Position: Navy blue wave 3
Direction Next Higher Degrees: Orange wave 5 (started)
Current Wave Analysis
Analysis OverviewThe DAX (Germany) Elliott Wave Analysis on the daily chart provides an in-depth technical view of the market trend. This analysis identifies a clear trend direction, categorized as impulsive, indicating strong, directional movements with minimal corrections.
Wave StructureThe current wave under analysis is orange wave 5, a part of the larger wave sequence within navy blue wave 3. This suggests it is a sub-wave within a broader impulsive movement.
Next Higher Degree DirectionThe analysis indicates that orange wave 5 has started, signifying that the larger wave pattern is in the final stages of its current sequence and is moving towards the completion of this impulsive phase.
Wave Details
Critical Levels
- This level is critical as it invalidates the current wave structure if surpassed, necessitating re-evaluation and potential re-labeling of the wave counts.
SummaryThe DAX (Germany) is currently in an impulsive trend mode on the daily chart, specifically within orange wave 5 of navy blue wave 3. With orange wave 4 completed, orange wave 5 of 3 is now active. The wave cancel invalid level at 16997.96 is a crucial threshold for maintaining the validity of this wave analysis. This analysis underscores the ongoing impulsive phase and the potential for a corrective phase once the current wave completes.
DAX (Germany) Elliott Wave Technical Analysis – Weekly Chart
Trend AnalysisFunction: Trend
Mode: Impulsive
Structure: Orange wave 5
Position: Navy blue wave 3
Direction Next Lower Degrees: Navy blue wave 4
Current Wave Analysis
Analysis OverviewThe DAX (Germany) Elliott Wave Analysis on the weekly chart examines the market trend, identifying it as a persistent directional movement. The trend is impulsive, signifying strong, directional momentum with minimal corrective phases.
Wave StructureThe current wave under analysis is orange wave 5, a part of the broader wave pattern within navy blue wave 3, indicating it is part of a larger impulsive wave sequence.
Next Lower Degree DirectionThe analysis points to navy blue wave 4 as the next wave direction, suggesting that after orange wave 5 concludes, the market will transition into navy blue wave 4, typically involving a corrective phase.
Wave Details
Critical Levels
- This level is crucial as it invalidates the current wave structure if surpassed, requiring re-evaluation and potential re-labeling of the wave counts.
SummaryThe DAX (Germany) is in an impulsive trend mode on the weekly chart, currently in orange wave 5 of navy blue wave 3. With orange wave 4 completed, orange wave 5 of 3 is now active. The wave cancel invalid level at 16997.96 is a critical threshold for maintaining the validity of this wave analysis. This analysis underscores the ongoing impulsive phase and the potential for a corrective phase once the current wave completes.
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