DAX (Germany) Elliott Wave Analysis Trading Lounge Day Chart.
DAX (Germany) Elliott Wave technical analysis
Technical analysis overview
-
Function: Bullish Trend.
-
Mode: Impulsive.
-
Structure: Gray Wave 3.
-
Position: Orange Wave 3.
-
Direction next lower degrees: Gray Wave 4.
-
Details: Gray wave 2 appears completed; gray wave 3 is currently active.
-
Wave cancel invalidation level: 19,635.74.
The DAX (Germany) is currently exhibiting a strong bullish trend, as indicated by the Elliott Wave Analysis on the daily chart. The market is advancing within an impulsive wave structure, specifically gray wave 3, which signals a robust upward momentum aligned with the overall positive trend.
The completion of gray wave 2 has paved the way for the current progression within gray wave 3. This phase highlights the continuation of bullish momentum, with orange wave 3 playing a significant role in the ongoing impulsive sequence. The market’s position in orange wave 3 represents an acceleration phase within gray wave 3, reinforcing the upward trajectory.
An important invalidation level is identified at 19,635.74. A drop below this threshold would negate the current wave structure and necessitate a reassessment of the market’s wave configuration. This level serves as a crucial benchmark for ensuring the validity of the ongoing bullish wave.
Summary
-
The DAX (Germany) is firmly in a bullish phase, with gray wave 3 actively unfolding after the completion of gray wave 2.
-
The current position within orange wave 3 emphasizes the strength of the impulsive movement, supporting the upward trend.
-
The invalidation level at 19,635.74 serves as a key point for verifying the wave structure's accuracy.
-
Attention remains on the progression of gray wave 3, with a focus on maintaining levels above the invalidation threshold to confirm the bullish trend.
DAX (Germany) Elliott Wave technical analysis
Technical Analysis Overview
-
Function: Bullish Trend.
-
Mode: Impulsive.
-
Structure: Orange Wave 3.
-
Position: Navy Blue Wave 5.
-
Direction next lower degrees: Orange Wave 4.
-
Details: Orange wave 2 appears completed; orange wave 3 is actively unfolding.
-
Wave cancel invalidation level: 18,764.15.
The DAX (Germany) weekly chart illustrates a sustained bullish trend, as revealed by the Elliott Wave Analysis. The market is progressing through an impulsive wave structure, specifically orange wave 3, which signals the continuation of the broader upward momentum, in line with the overall bullish outlook.
The completion of orange wave 2 has established the groundwork for the ongoing progression within orange wave 3. The market's current position in navy blue wave 5 highlights the continued development of the impulsive sequence and reinforces the prevailing positive trend. This phase of orange wave 3 reflects a robust and accelerating segment of the upward trajectory, underscoring the strength of the bullish movement.
An important invalidation level has been identified at 18,764.15. A decline below this threshold would invalidate the current wave structure and necessitate a reassessment of the market's wave pattern. This level acts as a critical benchmark for verifying the validity of the ongoing bullish wave progression.
Summary
-
The DAX (Germany) weekly chart continues to reflect a strong bullish trend, with orange wave 3 actively unfolding after the completion of orange wave 2.
-
The market's position in navy blue wave 5 emphasizes the upward momentum within the impulsive structure.
-
The invalidation level at 18,764.15 is a key point for confirming the accuracy of the current wave analysis.
-
Focus remains on the progression of orange wave 3, with close attention on maintaining levels above the invalidation threshold to sustain the bullish outlook.
DAX (Germany) Elliott Wave technical analysis [Video]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended content
Editors’ Picks
![EUR/USD remains side-lined around 1.0480](https://editorial.fxsstatic.com/images/i/EURUSD-bearish-object_Medium.png)
EUR/USD remains side-lined around 1.0480
Price action in the FX world remains mostly subdued amid the lack of volatility and thin trade conditions following the US Presidents' Day holiday, with EUR/USD marginally down and flat-lined near 1.0480.
![GBP/USD keeps the bullish bias above 1.2600](https://editorial.fxsstatic.com/images/i/GBPUSD-bullish-object-1_Medium.png)
GBP/USD keeps the bullish bias above 1.2600
GBP/USD kicks off the new trading week on a positive foot and manages to reclaim the 1.2600 barrier and beyond on the back of the Greenback's steady price action.
![Gold resumes the upside around $2,900](https://editorial.fxsstatic.com/images/i/Commodities_Gold-1_Medium.jpg)
Gold resumes the upside around $2,900
Gold prices leave behind Friday's marked pullback and regain some composure, managing to retest the $2,900 region per ounce troy amid the generalised absence of volatility on US Presidents' Day holiday.
![Five fundamentals for the week: Peace talks, Fed minutes and German election stand out](https://editorial.fxsstatic.com/images/i/Ukraine_Medium.png)
Five fundamentals for the week: Peace talks, Fed minutes and German election stand out Premium
US President Donald Trump remains prominent, especially in a week when high-level peace talks kick off. Nevertheless, the Commander-in-Chief competes with the world's most powerful central bank, and other events are of interest as well.
![Bitcoin Price Forecast: BTC stalemate soon coming to an end](https://editorial.fxsstatic.com/images/i/BTC-neutral-object_Medium.png)
Bitcoin Price Forecast: BTC stalemate soon coming to an end
Bitcoin price has been consolidating between $94,000 and $100,000 for almost two weeks. Amid this consolidation, investor sentiment remains indecisive, with US spot ETFs recording a $580.2 million net outflow last week, signaling institutional demand weakness.
![The Best Brokers of the Year](https://editorial.fxsstatic.com/images/Brokers/Editors_Pick_Box_395x179_Medium.png)
The Best Brokers of the Year
SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.