DAX (Germany) Index Elliott Wave Technical Analysis

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DAX (Germany) Elliott Wave Analysis - Trading Lounge Day Chart
DAX (Germany) Elliott Wave Technical Analysis
Function: Bullish Trend
Mode: Impulsive
Structure: Gray Wave 3
Position: Orange Wave 3
Direction Next Lower Degrees: Gray Wave 4
Details:
The analysis indicates that gray wave 2 is likely completed, with gray wave 3 now in progress.
Wave Cancel Invalidation Level: 18,807.92
Analysis Overview:
The DAX Germany daily chart demonstrates a bullish trend analyzed through the Elliott Wave framework. The wave mode is categorized as impulsive, highlighting the ongoing development of gray wave 3 within the larger market structure. This phase represents the continuation of upward momentum, a key characteristic of impulsive waves in Elliott Wave theory.

DAX (Germany) Elliott Wave Technical Analysis
Function: Bullish Trend
Mode: Impulsive
Structure: Orange Wave 3
Position: Navy Blue Wave 5
Direction Next Lower Degrees: Orange Wave 4
Details:
The analysis suggests orange wave 2 is likely completed, with orange wave 3 now in progress.
Wave Cancel Invalidation Level: 18,807.92
Analysis Overview:
The DAX Germany weekly chart reflects a bullish trend analyzed through the Elliott Wave framework. The wave mode is impulsive, signifying strong upward momentum as the market progresses within orange wave 3. This phase highlights a continuation of the prevailing trend, indicating further upward price movement is likely.

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