It looks like someone linked you here to our printer friendly page. Please make sure you go Back to for more great articles just like this one!

Elliot Wave Forecast - 11/01

By: Elliottwave-Forecast | Wednesday, November 1, 2017

Rally from 8/29 low in DAX is unfolding as a double three Elliott Wave structure where Intermediate wave (W) ended at 13089 and Intermediate wave (X) ended at 12903. Up from there, the rally from 12903 low appears to be unfolding as an impulse. Minute wave ((i)) ended at 13066, Minute wave ((ii)) ended at 12906.5, and Minute wave ((iii)) ended at 13249.5. Near term, while pullbacks stay above 12903 low, expect Index to extend higher.

Alternatively, the rally from 10/19 low (12903) can also be unfolding as a flat Elliott Wave structure. In this alternate scenario, DAX can start to correct cycle from 10/19 low now in 3, 7, or 11 swing without making another push higher in Minute wave ((v)). However, regardless whether DAX makes another leg higher or not, we expect Index to remain supported and dips remain to be bought in 3, 7, or 11 swing as far as pivot at 12903 stays intact.

DAX 1 Hour Elliott Wave Analysis

By Elliot Wave Forecast

Author: Elliottwave-Forecast

Elliottwave-Forecast (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients.

ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 41 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

Copyright © 2015-2017