Infineon may ended the A corrctional wave that is consisting of 5 clearly recognizable sub-waves. Now a little bounce can be expected in 3 waves (a-b-c) as wave B or wave 2 in case the previous was a wave 1 not an A. The price target is between the 0,382 and 0,618 Fibonacci levels. Maybe 0,618 is more likely regarding that IFXF tends to be volatile.
Dax is near at the end of wave 3 of 3 of C, it almost reached the 1,618 of wave 1 of 3 of C. A little bounce may be expected, but my opinion is that it will decline further.
NASDAQ:IXIC Nasdaq seems to have finished the 5 wave structure it had begun in 2009. The picture depicts only the 5th wave of the cycle. The whole cycle began in 2009. In January this year it began a running triangle as 4th wave that ended in 25th April and since it has made a 5 wave structure as its final 5th wave. It ended on last week Wednesday and the length...
CHXEUR:IFXD On a technical basis IFXD shows bearish signs, according to my personal opinion. It seems to have reached the end of the cycle level wave 3 that reached the 2,618 Fibonacci level of the 1st wave (from the bottom of wave 2) and now it should make a corrective A-B-C pattern till it reach wave 4. I guess this process will take several months even years.
CHXEUR:LHAD Lufthansa touched today a significant Fibonacci level, the 0,382 of the previous 3rd wave. The time length of the correction is also eligible, so everything is given to begin its 5th wave. I should also mention, that the next (0,5) Fibonacci level is under the top of the 1st wave, so if it reached then the wave counting would prove incorrect because...
XETR:DAX It seems that something similar happens that I expected. Wave X finished at 13200 and now I expect it to decline in an other a-b-c formation till the 0,5 Fibonacci level of the previous 3rd wave that is around 11 300. The first 3 sub-wave of the wave "a" is almost finished.
CHXEUR:DBKD As I expected DBKD entered into its final phase of its correction. (see Linkt to Related Ideas) But how long will it be? I do not now. I can see that the initial phase is very dramatic, but since most of the experts expect a recession soon, it can last years and became shallow or even choppy if it ends in an ending diagonal . On the chart you can see...
XETR:DAX As for the formation of the DAX, it seems to enter slowly in the final phase of a double zig-zag correction. It finished the initial ABC formation completing W of the double zig-zag, soon it will finish the X phase, that is also a an ABC formation and I expect another decline as the Y phase, that I guess will be another ABC formation. The price target...
XETR:DAX Dax has almost reached the end of wave C. After it finished a widening triangle as expected, it declined and made a 5 wave structure that is wave C. Since the previous bigger wave took 500 hundred days to evolve, I do not think, that the correction is over. Only 68 days have passed since the end of wave (3). Although it has almost finished an ABC...
NYSE:DAL As I mentioned (see link below) DAL might also be in an ending diagonal. On the basis of the Stochastic and RSI indicator I think it is probable, and there is a couple of weeks before it reaches the overbought territory. But in this case watch out for a sharp decline!
NYSE:DAL It seems that DAL has finished its wave I and is in a flat correction. Another option is that its in an ending diagonal, but in this case it is not finished yet.
DEUTSCHE BANK Here is the chart for my previous update.
DBK Soon it must finish its wave (4) end could begin its journey upward. I would guess the wave (5) to top between 18 and 19 €. A probable Fibonacci level regarding the weekly chart is 18.7 €.
DAX PER It looks as if DAX is in wave (4) of wave 5. Having finished wave A of Wave (4) it is heading toward B in a widening triangle. I expect it to reach the previous top of wave (3) that was 13525 and turn downward after it. I expect wave C of wave (4) to end in the range of 12.000-12.400 by mid June - August.