DeutscheBank Elliott Wave Analysis Still Calling Higher

DeutscheBank Daily 02/21/2017

In September 2016 , the media was calling for the collapse of DeutscheBank as its shares were dropping to new all time lows and Investors were worried about another financial crisis . However in our previous article , we were expecting a recovery for Deutsche Bank stock as the technical picture was pointing to an ending diagonal taking place to finish at least the cycle from 03/14/2016 peak and start a short term bounce . In the recent 4 months , DeutscheBank stock (DB:NYSE) managed to do an … [Read more...]

DAX Intra-day Analysis: Wave 3 in progress

DAX Elliott Wave Analysis 1.25.2017

DAX extend the rally today and broke to a new high above blue (3). Index has reached 2.618 - 3.236 extension area where black wave ((iii)) can complete and we can see a pull back in black wave ((iv)) followed by more upside towards 11866 - 11951 area to complete red wave 3. We can see that DAX has broken above the parallel channel  on the chart which is a confirmation that DAX rally is unfolding as an impulse and we are still in wave 3. As per the wave theory, once red wave 3 is complete, we can … [Read more...]

Elliott Wave Analysis: DAX

DAX-24020170111170909

In this technical blog, let's take a look at the $DAX instrument Elliott wave forecast we had since the beginning of 2017. Below is the $DAX 1/07/2017, 4 hr  weekend updated chart suggesting the rally in DAX from 11/9/2016 is unfolding as a Elliott wave triple three structure (also known as 11 swing sequence), where wave (W) ended at 10798, wave (X) ended at 10400, wave (Y) ended at 11487, and second wave (X) ended at 11404.3. With a break above previous wave (Y) at 11487, instrument is showing … [Read more...]

DAX Elliott Wave Forecast 1.6.2017

$DAX 6020170105211622

The rally in DAX from 11/9/2016 is unfolding as a triple three where wave (W) ended at 10798, wave (X) ended at 10400, wave (Y) ended at 11487, and second wave (X) ended at 11404.3. With a break above wave (Y) at 11487, DAX is showing 9 swings up from 11/9/2016 low, which favors more upside. Up from 11404.3, wave ((w)) ended at 11649.5, and wave ((x)) pullback is in progress in 7 swing to correct cycle from 12/30 (11403) low before Index turns higher again. Potential target for wave ((x)) … [Read more...]

DAX Elliott Wave Forecast 1.5.2017

$DAX 6020170104212835

The rally in DAX from 11/9/2016 is unfolding as a triple three where wave (W) ended at 10798, wave (X) ended at 10400, wave (Y) ended at 11487, and second wave (X) ended at 11403. With a break above wave (Y) at 11487, DAX is showing 9 swings up from 11/9/2016 low, which favors more upside. Up from 11403, wave ((w)) ended at 11649.5, and wave ((x)) pullback is in progress in 7 swing to correct cycle from 12/30 (11403) low before Index turns higher again. Potential target for wave ((x)) pullback … [Read more...]

DAX Elliott Wave Forecast 1.4.2017

$DAX 6020170104212835

The rally in DAX from 11/9/2016 is unfolding as a triple three where wave (W) ended at 10798, wave (X) ended at 10400, wave (Y) ended at 11487, and second wave (X) ended at 11403. With a break above wave (Y) at 11487, DAX is showing 9 swings up from 11/9/2016 low, which favors more upside. Up from 11403, wave ((w)) ended at 11649.5, and wave ((x)) pullback is in progress in 7 swing to correct cycle from 12/30 (11403) low before Index turns higher again. Potential target for wave ((x)) pullback … [Read more...]