DAX Elliott Wave Analysis for Wednesday 10/05/2023Trading day preparation. Although pullback is expected in the higher timeframe, we probably still go up in the lower timeframe. We discuss several scenarios that could play out. We see two potential ways to enter a trade. Inflation data is released today, only trade at the extremes.
Dax40
GER40 (DAX) Index Gann Predictions for Today.CAPITALCOM:DE40 touched GANN support 13,880 and 13,860. If these supports hold, we are looking at buying the index cfd towards 14,000+ levels from here.
Watch the video for complete GANN analysis of the CAPITALCOM:DE40 index CFD.
Good Luck with your trades!
Luck Favors the Prepared Mind.
GER40 (DAX40) Weekly Gann Analysis. Will it BREAKOUT? CAPITALCOM:DE40 Falling Wedge Pattern (Weekly)
The index is testing resistance of the falling wedge once again for 5 weeks in a row.
Weekly candle close above 400 will indicate a breakout from the downward trend with a target of 16,200 if the breakout sustains.
Good Luck!