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Dax40

DAX Elliott Wave Analysis for Thursday 18/01/2024In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario suggests that wave 4 as a WXY structure should be in. If we do not see upward price action, we are working on a deeper ABC correction.
OANDA:DE30EUR
by AndyCuckoo
DAX Elliott Wave Analysis for Monday 15/01/2024 (+ HTF)In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, we are observing ending upward structures. However, another high as a wave 5 cannot be excluded. The primary scenario suggests that wave 4 has finished as an ABC structure. Doing the double correction as a WXY cannot be excluded.
OANDA:DE30EUR
by AndyCuckoo