Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Elliott Wave Analysis by EWF
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Elliottwave-Forecast, post: 193486, member: 40858"] Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of DAX index published in members area of the Elliottwave-Forecast . As our members know, DAX has been giving us a lot of good trading opportunities recently. The index is showing bullish sequences in the cycle from the March 2020 low. So DAX remains bullish against the 13314.6 pivot. Recently we got short term pull back that has given us opportunity to enter long trades again. In further text we’re going to explain the forecast and trading strategy. [HEADING=3]DAX 1 Hour Elliott Wave Analysis 3.24.2021[/HEADING] DAX completed5 waves in the short term cycle from the 13669.4 low, and now correcting it. Wave 4 red pull back looks incomplete at the moment. Current view suggests pull back can be still unfolding as Elliott Wave Zig Zag pattern. As far as the price stays below last short term high - ((b)) black, we can get more downside in ((c)) leg toward 14443.09-14279.5 area. At that zone we would like to be buyers , looking for further rally toward new highs ideally. We don’t recommend selling the index in proposed leg down. As the main trend is bullish, we should get 3 wave bounce at least from the Blue Box buyers zone. Invalidation level for the trade would be break below 1.6148 fib extension (14279.5) As our members know, Blue Boxes are no enemy areas , giving us 85% chance to get a bounce. [I]You can learn more about Elliott Wave Patterns at our [B]Free Elliott Wave Educational Web Page[/B].[/I] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/03/DAX-3.24..jpg'][IMG alt="DAX"]https://elliottwave-forecast.com/wp-content/uploads/2021/03/DAX-3.24..jpg[/IMG][/URL] [HEADING=3]DAX 1 Hour Elliott Wave Analysis 3.29.2021[/HEADING] DAX made extension down and found buyers at 14443.09-14279.5 area , as we expected. We got nice rally from the buying zone, when the price break above previous peak. Break above 3 red peak suggests next leg up is in progress. The index is now bullish against the 14426.14 low in first degree. Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the [B]Live Trading Room[/B]. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/03/DAX-3.29.jpg'][IMG alt="DAX"]https://elliottwave-forecast.com/wp-content/uploads/2021/03/DAX-3.29.jpg[/IMG][/URL] [B]Elliott Wave Forecast[/B] Source: [URL]https://elliottwave-forecast.com/trading/dax-elliott-wave-buying-opportunity/[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…