Elliott Forecast - Elliott Wave View: DAX Pullback Should Find Buyers

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Elliott Forecast

Eric Morera

Elliott Wave View: DAX Pullback Should Find Buyers

Short Term Elliott Wave View in DAX suggests cycle from 8.5.2024 low is in progress as a 5 waves impulse structure. Up from 8.5.2024 low, wave 1 ended at 19674.68 and pullback in wave 2 ended at 18812.53. Index has resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 19198.74 and dips in wave ((ii)) ended at 18900.02. Index then resumes higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 19272.99 and pullback in wave (ii) ended at 19036.41. Wave (iii) higher ended at 20425.86 and pullback in wave (iv) ended at 20370.23. Final leg wave (v) ended at 20461.85 which completed wave ((iii)).

Pullback in wave ((iv)) ended at 20277.63. Up from there, wave (i) ended at 20393.86 and wave (ii) ended at 20292.86. Wave (iii) higher ended at 20453.44 and pullback in wave (iv) ended at 20393.24. Final leg wave (v) ended at 20522.82 which completed wave ((v)) of 3. Wave 4 pullback is now in progress to correct cycle from 11.19.2024 low in 3, 7, or 11 swing before it resumes higher again. Down from wave 3, wave ((a)) should end soon, then it should rally in wave ((b)) before turning lower again in wave ((c)). Wave 4 typically ends around 23.6 – 38.2% retracement of wave 3. This area comes at 19870.5 – 20120.5.

DAX 60 Minutes Elliott Wave Chart

DAX Elliott Wave Video
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Source:-forecast.com/news/elliott-wave-view-dax-pullback-find-buyers-2/

17/12/2024 1 EN

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Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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Eric Morera

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Elliott Wave View: DAX Pullback Should Find Buyers

Elliott Wave View: EURUSD Short Term Remains Bearish

SUI Expecting The Final Bullish Wave To Break Above $5

Elliott Wave View Expects NZDUSD to Extend Lower

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