DAX bullish impulse looks incomplete [Video]
|Short Term Elliott Wave View in DAX suggests that rally from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and dips in wave ((ii)) ended at 16834.94. Up from there, wave ((iii)) is in progress as a 5 waves impulse. Wave (i) ended at 17198.45 and pullback in wave (ii) ended at 17019.15. The Index extends higher again in wave (iii). Up from wave (ii), wave i ended at 17084.87 and wave ii dips ended at 17029.59. Wave iii higher ended at 17429.66 and wave iv ended at 17354.76. Final leg wave v ended at 17816.52 which completed wave (iii).
DAX 60 Minutes Elliott Wave chart
Pullback in wave (iv) ended at 17643.11 with internal subdivision as a double three. Down from wave (iii), wave w ended at 17690.89 and wave x ended at 17759.02. Final leg wave y ended at 17643.11 which completed wave (iv) in higher degree. The Index then resumes higher in wave (v). Up from wave (iv), wave i ended at 17746.57 and wave ii ended at 17677.03. Near term, as far as pivot at 16834.94 stays intact, expect Index to extend higher.
DAX Elliott Wave video
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.