Dax (Germany) Wave Technical Analysis
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Function: Bullish trend.
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Mode: Purifying.
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Structure: Orange Wave 1.
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Position: Navy Blue Wave 3.
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Direction next lower degree: Orange Wave 2.
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Details: Navy Blue Wave 2 appears to be completed. Today, orange wave 1 of 3 is carried out.
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Cancel the invalidation level: 18530.
The DAX (Germany) sun -sun review of the chart features a bullish trend that forms within an impulsive elliott wave structure. The index completed the Navy Blue Wave 2 correction and now moved to Orange Wave 1, within a wider Navy Blue Wave 3 structure. This setup indicates the early stage of a new impulse wave, which can drive a strong momentum in the upcoming sessions.
The Orange Wave 1 marked the beginning of the new impulsive condemnation -this is often seen with gradual momentum formation as the market gains direction. The completion of Navy Blue Wave 2 sets the basis for this movement, which usually shows progressives obtained before the more aggressive momentum appears. The current reading suggests a step-by-step increase before meeting the next stage of correction.
Next expectations in motion
An important level to monitor is 18530, which serves as a point of improper for interpretation of the bullish wave. A move below this level will prove the current pattern and requires a new assessment. This support level is important in maintaining wave 2 low integrity.
During the sun -day -time, the development of the impulse wave presents opportunities for creating a new upward positioning. Entrepreneurs should observe the classic features of the wave, such as steady volume growth and the same upward steps, noting that wave 1 usually progresses without the explosive force seen in wave 3.
Following the completion of Wave 1, the next expected move is a corrective orange wave 2, which must offer a pullback before a potential stronger wave 3 higher. Watching the price behavior and momentum indicators will help verify the wave structure and determine the transfer to Wave 2.
Technical indicators and price patterns will be critical for the confirmation of wave -setup. With the move to the Navy Blue Wave 3 to a higher degree, the stronger momentum waves are expected in advance, making this stage important for setting the strategic long position.
Dax (Germany) Wave Technical Analysis
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Function: Bullish trend.
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Mode: Purifying.
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Structure: Navy Blue Wave 3.
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Position: Gray Wave 3.
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Directions Next higher degree: Navy Blue Wave 3 (started).
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Details: Navy Blue Wave 2 appears to be completed. Today, the Navy Blue Wave 3 of 3 is played.
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Cancel the invalidation level: 18530.
DAX (Germany) Weekly Chart review shows a strong bullish trend that presents within an attractive Elliott wave structure. The index completed the Navy Blue Wave 2 correction and entered the Navy Blue Wave 3 phase within the larger color -the -wave structure 3. This setup points to the beginning of the most -thenamic part of the upward motion, often marked by extended prices and strong moments.
The Navy Blue Wave 3 represents the main component of trending in the theory of Elliott's wave, which usually delivers the strongest movement in the direction of the trend. The conclusion of the Wave 2 correction sets the land for this basic advancement, which generally beyond the size of the wave 1. The current structure suggests that the upward momentum is likely to continue strong before reaching the next stage of correction.
Next expectations in motion
The weekly timeframe offers important perspectives on developing the structure, indicating that this movement is a major stage within the broader bullish trend. Moving to gray waves 3 to a higher degree suggests that it can be part of a significant, longer ulend. An important level to monitor is 18530; A break below this point will prove the current bullish number and require reassessment.
Market participants should monitor wave 3 development for common signs such as strong momentum, volume increase, and price movement. The current review favors bullish positions during this impulsive phase, while carefully observe the signs indicating the completion of the wave. Technical and price action indicators will provide major confirmations as the structure changes.
After the end of Wave 3, the next expected development is Navy Blue Wave 4, which provides a pullback opportunity before any potential continuation of bullish transfer. This phase represents an optimal time for pace participation, as Wave 3 usually offers the best trading conditions within the Elliott patterns.
Technical analyst: Malik Taor.
Dax (Germany) Wave Technical Analysis [Video]
