Hello traders, DAX in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
With the studies that were done in this index, it can be concluded that this index, like other indices, always has upward movements.
And it is in the waves of progress. Most of these movements are at the end of their path in our wave count.
Based on the count, we considered two scenarios:
In the first scenario, waves 1, 2, 3, 4, and 5 are formed, and now is the time to correct for these waves.
But in the second scenario, only waves 1, 2 and 3 are formed and the trend inside wave 4 is an expansion triangle, and from this triangle, wave e is not complete.
As a result, we considered several ranges to confirm the scenario.
If the trend line is broken downwards, the descent to the bottom of the disciplinary triangle will continue and in that range we will have to wait for the scenarios to be confirmed.
And if the trend lines are not broken, we should have an upward view and the formation of the 5th wave.
šIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsš
ā¤ļøPlease, support this idea with a like and comment!ā¤ļø
With the studies that were done in this index, it can be concluded that this index, like other indices, always has upward movements.
And it is in the waves of progress. Most of these movements are at the end of their path in our wave count.
Based on the count, we considered two scenarios:
In the first scenario, waves 1, 2, 3, 4, and 5 are formed, and now is the time to correct for these waves.
But in the second scenario, only waves 1, 2 and 3 are formed and the trend inside wave 4 is an expansion triangle, and from this triangle, wave e is not complete.
As a result, we considered several ranges to confirm the scenario.
If the trend line is broken downwards, the descent to the bottom of the disciplinary triangle will continue and in that range we will have to wait for the scenarios to be confirmed.
And if the trend lines are not broken, we should have an upward view and the formation of the 5th wave.
šIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsš
ā¤ļøPlease, support this idea with a like and comment!ā¤ļø
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.