FDAX - 1000 points to go
Good evening fellow traders and investors !
Today we are taking a look at another major index, the Dax30!
It should be no secret to everyone that the top which formed @13480 was a wave 1 and right now we are in a corrective wave 2.
In the past there have been very good Chance/Risk setup's in this index and i am already looking for another entry.
The entire elliot wave structure is marked on the chart and easy to understand.
Primary scenario: Likelyhood 70%
We will correct to atleast 10700 points and will then start a impulsive wave 3. I will mark a potential entry point and will keep you updated.
Alternative Scenario: Likelyhood: 30%
If the market should break above 13170 points it will be very likely that wave 2 is finished and we will directly start to new ATH's. (Longterm 18000 Points)
Beware that i don't have any open long positions, i will wait for a solid bullish impulse and then announce my entries!
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
Today we are taking a look at another major index, the Dax30!
It should be no secret to everyone that the top which formed @13480 was a wave 1 and right now we are in a corrective wave 2.
In the past there have been very good Chance/Risk setup's in this index and i am already looking for another entry.
The entire elliot wave structure is marked on the chart and easy to understand.
Primary scenario: Likelyhood 70%
We will correct to atleast 10700 points and will then start a impulsive wave 3. I will mark a potential entry point and will keep you updated.
Alternative Scenario: Likelyhood: 30%
If the market should break above 13170 points it will be very likely that wave 2 is finished and we will directly start to new ATH's. (Longterm 18000 Points)
Beware that i don't have any open long positions, i will wait for a solid bullish impulse and then announce my entries!
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.