The Hypo 1 (Cyan) suggests that we have completed the Wave a as a leading diagonal which suggests shorting for downside target of the white box support region.
However if we consider the more bearish Hypo 2 (Red) then we can say that the Wave c of Wave B was an Ending Diagonal and we can see for much lower targets in this case.
Since both the Hypos are pointing to the downside, it provides a very low risk shorting opportunity to us with SL just above the W.a (Cyan) high.
However if we consider the more bearish Hypo 2 (Red) then we can say that the Wave c of Wave B was an Ending Diagonal and we can see for much lower targets in this case.
Since both the Hypos are pointing to the downside, it provides a very low risk shorting opportunity to us with SL just above the W.a (Cyan) high.
Nota
Since DAX has consumed too much time sideways instead of going down as we expected it would be best to book partial shorts at the current level and move SL for the rest to breakeven : Nota
DAX 5 Waves down seem complete, conservative traders can exit complete position here : Dagangan ditutup secara manual
Partial profits were booked above the support zone and rest position was trailed to breakeven.
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Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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.
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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.