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DAX (Germany) Index Elliott Wave technical analysis [Video]

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By EU Newsroom

DAX (Germany) Elliott Wave analysis – Day chart

DAX (Germany) Wave technical review

Function: Counter Trend.

Mode: Corrective.

Structure: Orange Wave 2.

Position: Navy Blue Wave 1.

Direction next higher degrees: Orange Wave 3.

Details: Orange Wave 1 appears completed. Orange Wave 2 is currently unfolding.

Invalidation level: 18530.

The daily Elliott Wave analysis of the DAX index indicates a counter-trend corrective phase. Orange Wave 2 is in progress following the completion of Orange Wave 1. This development occurs within a…

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