Elliott Wave View: DAX Pullback Should Find Buyers

Elliottwave_Forecast

Short Term Elliott Wave View in DAX suggests cycle from 8.5.2024 low is in progress as a 5 waves impulse structure. Up from 8.5.2024 low, wave 1 ended at 19674.68 and pullback in wave 2 ended at 18812.53. Index has resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 19198.74 and dips in wave ((ii)) ended at 18900.02. Index then resumes higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 19272.99 and pullback in wave (ii) ended at 19036.41. Wave (iii) higher ended at 20425.86 and pullback in wave (iv) ended at 20370.23. Final leg wave (v) ended at 20461.85 which completed wave ((iii)).

Pullback in wave ((iv)) ended at 20277.63. Up from there, wave (i) ended at 20393.86 and wave (ii) ended at 20292.86. Wave (iii) higher ended at 20453.44 and pullback in wave (iv) ended at 20393.24. Final leg wave (v) ended at 20522.82 which completed wave ((v)) of 3. Wave 4 pullback is now in progress to correct cycle from 11.19.2024 low in 3, 7, or 11 swing before it resumes higher again. Down from wave 3, wave ((a)) should end soon, then it should rally in wave ((b)) before turning lower again in wave ((c)). Wave 4 typically ends around 23.6 – 38.2% retracement of wave 3. This area comes at 19870.5 – 20120.5.

DAX 60 Minutes Elliott Wave Chart

DAX Elliott Wave Video

Source:https://elliottwave-forecast.com/news/elliott-wave-view-dax-pullback-find-buyers-2/

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

bouncee
12-17
bouncee
Incredible analysis! Love the insights! [Heart]
jigglyp
12-17
jigglyp
Thanks for the detailed analysis

Leave a comment

2

661

31

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":382696548524032,"tweetId":"382696548524032","gmtCreate":1734439994200,"gmtModify":1734440502278,"author":{"id":4113409820866582,"idStr":"4113409820866582","authorId":4113409820866582,"authorIdStr":"4113409820866582","name":"Elliottwave_Forecast","avatar":"https://community-static.tradeup.com/news/c00ab1fc45e212abf00117a41ad8354f","vip":5,"userType":5,"introduction":"Elliott Wave Forecasts of 78 markets.","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":9007,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[{"img":"https://community-static.tradeup.com/news/df81211b19a7ed090f318f5656e71aa6"}],"title":"Elliott Wave View: DAX Pullback Should Find Buyers","html":"<html><head></head><body><h2></h2>\n<p style=\"text-align: justify;\">Short Term Elliott Wave View in DAX suggests cycle from 8.5.2024 low is in progress as a 5 waves impulse structure. Up from 8.5.2024 low, wave 1 ended at 19674.68 and pullback in wave 2 ended at 18812.53. Index has resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 19198.74 and dips in wave ((ii)) ended at 18900.02. Index then resumes higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 19272.99 and pullback in wave (ii) ended at 19036.41. Wave (iii) higher ended at 20425.86 and pullback in wave (iv) ended at 20370.23. Final leg wave (v) ended at 20461.85 which completed wave ((iii)).</p>\n<p style=\"text-align: justify;\">Pullback in wave ((iv)) ended at 20277.63. Up from there, wave (i) ended at 20393.86 and wave (ii) ended at 20292.86. Wave (iii) higher ended at 20453.44 and pullback in wave (iv) ended at 20393.24. Final leg wave (v) ended at 20522.82 which completed wave ((v)) of 3. Wave 4 pullback is now in progress to correct cycle from 11.19.2024 low in 3, 7, or 11 swing before it resumes higher again. Down from wave 3, wave ((a)) should end soon, then it should rally in wave ((b)) before turning lower again in wave ((c)). Wave 4 typically ends around 23.6 – 38.2% retracement of wave 3. This area comes at 19870.5 – 20120.5.</p>\n<h2>DAX 60 Minutes Elliott Wave Chart</h2>\n<h2></h2>\n<h2>DAX Elliott Wave Video</h2>\n<p></p>\n<video poster=\"https://community-static.tradeup.com/news/df81211b19a7ed090f318f5656e71aa6\" tg-width=\"1920\" tg-height=\"1080\" class=\"ql-video\" controls=\"true\" controlslist=\"nodownload\" playsinline=\"true\" webkit-playsinline=\"true\">\n <source src=\"https://1254107296.vod2.myqcloud.com/b741d586vodhk1254107296/9d64e9f71397757899761712603/8CoQpuFWy24A.mp4\">\n</video>\n<p>Source:https://elliottwave-forecast.com/news/elliott-wave-view-dax-pullback-find-buyers-2/</p></body></html>","htmlText":"<html><head></head><body><h2></h2>\n<p style=\"text-align: justify;\">Short Term Elliott Wave View in DAX suggests cycle from 8.5.2024 low is in progress as a 5 waves impulse structure. Up from 8.5.2024 low, wave 1 ended at 19674.68 and pullback in wave 2 ended at 18812.53. Index has resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 19198.74 and dips in wave ((ii)) ended at 18900.02. Index then resumes higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 19272.99 and pullback in wave (ii) ended at 19036.41. Wave (iii) higher ended at 20425.86 and pullback in wave (iv) ended at 20370.23. Final leg wave (v) ended at 20461.85 which completed wave ((iii)).</p>\n<p style=\"text-align: justify;\">Pullback in wave ((iv)) ended at 20277.63. Up from there, wave (i) ended at 20393.86 and wave (ii) ended at 20292.86. Wave (iii) higher ended at 20453.44 and pullback in wave (iv) ended at 20393.24. Final leg wave (v) ended at 20522.82 which completed wave ((v)) of 3. Wave 4 pullback is now in progress to correct cycle from 11.19.2024 low in 3, 7, or 11 swing before it resumes higher again. Down from wave 3, wave ((a)) should end soon, then it should rally in wave ((b)) before turning lower again in wave ((c)). Wave 4 typically ends around 23.6 – 38.2% retracement of wave 3. This area comes at 19870.5 – 20120.5.</p>\n<h2>DAX 60 Minutes Elliott Wave Chart</h2>\n<h2></h2>\n<h2>DAX Elliott Wave Video</h2>\n<p></p>\n<video poster=\"https://community-static.tradeup.com/news/df81211b19a7ed090f318f5656e71aa6\" tg-width=\"1920\" tg-height=\"1080\" class=\"ql-video\" controls=\"true\" controlslist=\"nodownload\" playsinline=\"true\" webkit-playsinline=\"true\">\n <source src=\"https://1254107296.vod2.myqcloud.com/b741d586vodhk1254107296/9d64e9f71397757899761712603/8CoQpuFWy24A.mp4\">\n</video>\n<p>Source:https://elliottwave-forecast.com/news/elliott-wave-view-dax-pullback-find-buyers-2/</p></body></html>","text":"Short Term Elliott Wave View in DAX suggests cycle from 8.5.2024 low is in progress as a 5 waves impulse structure. Up from 8.5.2024 low, wave 1 ended at 19674.68 and pullback in wave 2 ended at 18812.53. Index has resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 19198.74 and dips in wave ((ii)) ended at 18900.02. Index then resumes higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 19272.99 and pullback in wave (ii) ended at 19036.41. Wave (iii) higher ended at 20425.86 and pullback in wave (iv) ended at 20370.23. Final leg wave (v) ended at 20461.85 which completed wave ((iii)). Pullback in wave ((iv)) ended at 20277.63. Up from there, wave (i) ended at 20393.86 and wave (ii) ended at 20292.86. Wave (iii) higher ended at 20453.44 and pullback in wave (iv) ended at 20393.24. Final leg wave (v) ended at 20522.82 which completed wave ((v)) of 3. Wave 4 pullback is now in progress to correct cycle from 11.19.2024 low in 3, 7, or 11 swing before it resumes higher again. Down from wave 3, wave ((a)) should end soon, then it should rally in wave ((b)) before turning lower again in wave ((c)). Wave 4 typically ends around 23.6 – 38.2% retracement of wave 3. This area comes at 19870.5 – 20120.5. DAX 60 Minutes Elliott Wave Chart DAX Elliott Wave Video Source:https://elliottwave-forecast.com/news/elliott-wave-view-dax-pullback-find-buyers-2/","highlighted":1,"essential":1,"paper":2,"likeSize":661,"commentSize":2,"repostSize":31,"favoriteSize":0,"link":"https://ttm.financial/post/382696548524032","repostId":0,"isVote":1,"tweetType":2,"object":{"id":"28bf17ea9a6846bca48fc42dda18b243","videoUrl":"https://1254107296.vod2.myqcloud.com/b741d586vodhk1254107296/9d64e9f71397757899761712603/8CoQpuFWy24A.mp4","poster":"https://community-static.tradeup.com/news/df81211b19a7ed090f318f5656e71aa6","desc":""},"viewCount":65979,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["DAX"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1145,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":382705908801672,"commentId":"382705908801672","gmtCreate":1734442191170,"gmtModify":1734503252590,"authorId":9000000000000381,"author":{"id":9000000000000381,"idStr":"9000000000000381","authorId":9000000000000381,"name":"bouncee","avatar":"https://static.tigerbbs.com/5749c9428d206c1502f68209d60128d6","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":382696548524032,"objectIdStr":"382696548524032","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Incredible analysis! Love the insights! [Heart]","text":"Incredible analysis! Love the insights! [Heart]","html":"Incredible analysis! Love the insights! [Heart]","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":382705921114328,"commentId":"382705921114328","gmtCreate":1734442192161,"gmtModify":1734503252292,"authorId":9000000000000177,"author":{"id":9000000000000177,"idStr":"9000000000000177","authorId":9000000000000177,"name":"jigglyp","avatar":"https://static.tigerbbs.com/81107c0431f248a6c5b526745a8ca6e4","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":382696548524032,"objectIdStr":"382696548524032","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Thanks for the detailed analysis","text":"Thanks for the detailed analysis","html":"Thanks for the detailed analysis","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/382696548524032"}