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SAP - Monthly from the beginning year 94 - Strong uptrend since '22. A few companies determine the performance of the German DAX. One of these "tanks" is SAP. The chart seems to be on its way to 310.80 EUR per share, a Fibonacci-Extension in green. This level represents the end of Cycle wave III in green. After that the chart should form in three waves a 23.6-%...
DT. TELEKOM AG - 1h After eliminating its first serious retracement at 30,64 EUR, the chart shows a correction as expected. There is a chance of closing the gaps on downside mentioned in red before rallying again. Next retracement on the upper side will be at 44,82 EUR. If the chart forms higher highs again, I expect 54,68 EUR. The DAX will then reach 24500 points.
Arkema - monthly There is a chance of rallying prices after closing the former gaps on downside. W-X-Y pattern which intends a long lasting correction. The gaps are mentioned in red. Otherwise, there is a minimum target at 40,62 EUR.
Lufthansa AG - weekly There is a chance of rallying prices after closing the former gaps on downside. W-X-Y pattern which intends a long lasting correction. Tha gaps are menioned in red.
Bayer AG will recover after ending in a last wave 5 of C. On the right side mentioned all the former gaps.
Since the beginning of its tremendous succsess story, the share price has formed since May 22 an A/B/C in red bracket down. On a daily basis within the B-wave countertrend upward it shows signs of an Ending Diagonal Triangle (EDT in blue). Mentioned as an ABCDE in blue formation, the B part down reached a 76.4 % level of the A part up. This level is very common...
The German Unemployment Rate will grow again... With data from around 75 years, there is a possibility for growing again. With all these negative consequences for the employed people and their families. We must answer the question whether the Elliott Wave Theory is the right item to analyse what will happen and behave with crowds of people. The theory always...
Like LEG Immobilien SE NA O.N. the whole sector will find a bottom and closing gaps from the past, as I mentioned in red. Values under 38.32 € become an entrance, and buyers should occur. The next aim should be around 250, - €.
EATON Corporation, PLC. At stock exchange from the early beginning in the late '20s from the last century. An ongoing story of success. Don't make the mistake to expect reaching the mentioned values at the ground time scale. There is no connection between these two objectives in Elliott Wave theory (!). The share price should reach 222 US-$. After a correction...
Hello traders, today AXA S.A. closed the gap from Oct. 2007. The share prices will form a top in the future inside the trend channel. The C-Wave of an ABC-Correction pattern will lead the share prices down, lower than 10 € to close the gaps on the downside.
Since Feb. 2000 German Telekom AG has been ongoing forming an long lasting A/B/C - correction in Grand Supercycle Wave II down. Nevertheless, this is the reason, why the German DAX will outperform. Because the Telekom shares are "...one of the biggest tanks in that asset class index..." Until today there is no exhausting to see out of an internal trend channel....
Grand Super Cycle I finished in Feb. '22. From the beginning until today its one of the biggest successes in wall street history. Nevertheless, investors take their profit now. On the right side in red I mentioned lots of gaps from the past. To reach the 0.382-Fib retracement is a common behavior for wave II and often seen in the past.
Hello traders or investors, META is forming an ending diagonal in wave (C) in red as the end of Supercycle wave II in blue. Right now, the short term trend is down and the chart should reach levels below 28.50 $ before will start to an exploding wave III in blue up to reach the 1.618-multiple at round about 615,- $ in the future.
This is an answer to Mr. Frank Schuh from "Elliottwaver Live", he asked for in his latest video on YouTube, 29th of January 23. For interpretation of charts and finding ending points and trading ideas I use the Elliott Wave technique in combination with Fibonacci retracements/extentions and the MACD which Elliott himself did not mention. In my opinion Supercyle...
Everything mentioned in the chart. In Elliott Wave perspective often shares started on a higher level, formed a TOP in the past and than turned down to a longer lasting correction. - like AXA did. More information in the near future.
TESLA - Update: Since April 2022 the chart of TESLA has formed an ABC-Correction down (burgundy in brackets) which is as normal for a corrective wave 2 (roman in black). Right now in the last days the chart finished the third of a third wave within a wave C in brackets down. The next level of the chart is a bounce up to reach 124.73 US-$ as a 76-percent Fib-Level...
TESLA ...will fall further down. On the right scale in red all the gaps on downside are mentioned. Strategy : Dividing the money in parts and invest in gap close further down.