German DAX Analysis
Taking another look at the German benchmark index, the DAX
DAX , our scenario remains unchanged. If we don't breach the 18,000 EUR mark, we anticipate continuing with Wave IV, which is expected to range between 10,000 € and a maximum of 7,500 €, depending on the potential overshoot of Wave (B).
This scenario will be invalidated if we surpass the 138 % level.
Zooming into the 4-hour chart, we observe the formation more closely, potentially shaping Wave ((b)) that is currently in development. The 1-hour chart gives us an even closer view, indicating we are precisely in this phase of Wave ((b)). Crossing over 17,218 € would likely invalidate our current scenario, prompting a reevaluation of where Wave (B), marked in blue, could be located—potentially moving towards 17,500 € or up to 18,000 €.
Should there be a turn at this juncture, we might see a flat correction, an overshooting flat moving down towards Wave ((c)) or Wave 1. After reaching the 127-138 % range, this phase should conclude with a 5-wave cycle downwards.
Taking another look at the German benchmark index, the DAX
DAX , our scenario remains unchanged. If we don't breach the 18,000 EUR mark, we anticipate continuing with Wave IV, which is expected to range between 10,000 € and a maximum of 7,500 €, depending on the potential overshoot of Wave (B). This scenario will be invalidated if we surpass the 138 % level.
Zooming into the 4-hour chart, we observe the formation more closely, potentially shaping Wave ((b)) that is currently in development. The 1-hour chart gives us an even closer view, indicating we are precisely in this phase of Wave ((b)). Crossing over 17,218 € would likely invalidate our current scenario, prompting a reevaluation of where Wave (B), marked in blue, could be located—potentially moving towards 17,500 € or up to 18,000 €.
Should there be a turn at this juncture, we might see a flat correction, an overshooting flat moving down towards Wave ((c)) or Wave 1. After reaching the 127-138 % range, this phase should conclude with a 5-wave cycle downwards.
Trade ativo
Our limit for the short position got filled ✅There's nothing more to say except that we'll have to wait and see how it turns out.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.