These are interesting times we are living and here at Lionheart Analysis, we believe that the Bull Market for GER30-DAX is coming to an end. Therefore, we are looking in the near future for signs of a Market Crash.
Within Grand SuperCycle Wave C (pink), SuperCycle (V) (black) still has to deliver a Corrective Structure and a Impulse within its Sub-Wave Cycle V (green) before the bad news would kick in.
SuperCycle (V) (black) Analysis:
Cycle Wave I (green) moved with its Impulses until 50% Fibonacci Retracements of SuperCycle IV (black) and after that Cycle Wave II (green) has shown a Deep Corrective Structure under an Expanded Flat form.
Cycle Wave III (green) only had a Run close to the 100% Fibonacci Extensions of Cycle Waves I & 2 (green) which gives us a bit of a headache due to the fact that according to the Rules, the 3rd Wave should not be the shortest.
However, rules are meant to be bent in this case because GER30-DAX is an Index and tends to have either exaggerated moves or violate certain rules often.
We will accept this factor and proceed with the Wave Count.
Cycle Wave IV (green) retraced as an Expanded Flat, with a 50% of Cycle Wave III (green) which is quite common for this Index. Due to this factor and the other one in which Cycle Wave III (green) was unusually limited in its strength, Cycle Wave V (green) began a Sustained Up-Trend.
Cycle Wave V (green) Analysis:
Cycle Wave V (green) is presenting an Extension in Primary 3 (blue) which is most likely about to complete with the 5 Intermediate Waves Sequence (orange).
Primary 3 (blue) shows us an Extension in Intermediate (1) (orange) which allows us to look at the 61.8% Fibonacci Extensions of Intermediates (1) & (2) (orange) as a Target for Intermediate (3) (orange).
In our opinion, Intermediate (5) (orange) is about to end at the 100% Fibonacci Extensions of Intermediates (3) & (4) (orange) with a Divergence confirmation.
Fibonacci Extensions & Levels in Focus:
The Levels in Focus for the end of the Grand SuperCycle C (pink) are 13330.00 and here is why:
- 61.8% Fibonacci Extensions of SuperCycle Waves ( III ) & (IV) (black), Target for SuperCycle (V) (black).
- 227.20% Major Fibonacci Extensions of Cycle Waves I & II (green), Target for Cycle V (green).
- 200% Fibonacci Extensions of Cycle Waves III & IV (green), Target for Cycle V (green).
- 61.8% Fibonacci Extensions of Primary Waves 3 & 4 (blue), Target for Primary 5 (blue).
The Levels in Focus for the projected Primary 4 (blue) are 12950.00 as we expect Primary 3 (blue) to end its Rally with a Divergence at the end of its Intermediate (5) (orange).
GER30-DAX - SELL Set-Ups & Positions:
Entry Level - 12950.00
SL - 13400.00 & 13800.00
TP - 12000.00 & 11500.00
Entry Level - 13330.00
SL - 14000.00
TP - 10000.00 & 8800.00
* Safety Measures:
- When in the green, move SL to break-even or in profit.
- If Conservative, watch for Divergence Confirmation before trading Primary 4 (blue).
- If Very Conservative and Late Entry mode, watch for Channels Breach and Flag Formations.
Many pips ahead!
testing the sell set-up and releasing one of the dogs
Approaching realistic Support and a possible Reversal for the 5th Primary Wave.
Testing a BUY as of now and shooting for the last swing of the optimistic trend, looking to SELL HARD after that on the up-coming Market Crash.
DJIA / SPX / NDX all seem to start Intermediate Bearish Cycles.
Intermediate (A) completed.
DAX30 ready to correct until 12800:
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