DAX - Weekly - Mr. Elliott with his waves is all over it.

TVC:DEU30   DAX Index
This is a simple view on DAX and its potential moves. Apologies for the messy chart.
So, it seems that it is in its corrective move right now, finishing the C wave.
Now then, in our ideal world textbook scenario, we have a beautiful trend line passing underneath, that could work as a support level . Then we beautifully bounce off of it and head higher towards all the "Santa Claus" rallies and stuff like that.
BUT there's always a big "BUT".
I suggest watch the Weekly candle formations, this week's and next. This could be an interesting trade. If we will break the trend line on a Weekly and stay below it, then maybe we will re-test the 100 MA. But that would be a real drastic move. But then again, it's the markets that we are talking about here. Always be prepared for stupid moves.

This is just an idea. My view is more to the downside for now. But hey, what do I know.

Keep an eye on the rice action!
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out