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GER30 (DAX)The Dax may have completed the blue x with today's low at 13469. At the ideal target of the green (c) and the yellow circled Y, the downward movement could be stopped for now. Whether this is sustainable and the Dax starts another attack on the all-time high from here, the next few days will show. However, my preferred scenario is a final high. The minimum target of the final blue y is at 14169. The expectation that the market should fall significantly after the high does not change.
FOREXCOM:GER40
by Elliott-Waves-2_0
DXY (Dollar Index)In the DXY, it currently looks like we are in the last legs of the downward movement. Here, an implied EDT could be developing as a white v of the red (c). Thus, a downward wave would still be missing. The ideal target, the 1.00 extension, of the pink Y would be fairly close to the trendline drawn below. However, for me, a close below the last low would be enough to finish counting the movement. Of course, this also implies that there are still more highs/lows to come in the single pairs before the dollar should start its run.
TVC:DXYShort
by Elliott-Waves-2_0
2
US30 (Dow Jones)Just as in the Dax, another high could be in store for the Dow. However, I think this scenario is more likely in the Dow. In this case, the Dow would also have only one more x built-in on Friday. I have rebuilt my count a little compared to the last post, by placing the red x of the orange (z) now on the low at 29430. In the now running yellow circled z we would have here an ideal target of 31980 in whose proximity is also the 1.00 extension of the red y. This is at 31749, so that a run-up to this area is currently the most likely scenario. However, my last count remains valid until the break of the high.
FOREXCOM:US30
by Elliott-Waves-2_0
USTech100 (NASDAQ)In the Nasdaq, too, a further high currently seems more likely than the direct way down. But also here I would like to emphasize again that this is not a necessary and the last posted count until the break of the high is still valid. In the yellow y, we have already left the 1.00 extension behind us. However, I have noticed that unlike in many other markets, the Nasdaq often runs to the area between the 1.272 and the 1.382 extension to complete a wave. Unfortunately, I can no longer draw in smaller units, as the white letters already represent the minus scale degree. Therefore, just think here another abc of which the c wave is still outstanding. Target here would be the area between 13340 and 13609.
WHSELFINVEST:USTECH100CFD
by Elliott-Waves-2_0
GER30 (DAX)As described in my last analysis, the Dax has reached with the last high at 14137 only the minimum target, in the form of the 0.618 extension, of the yellow circled z. In all other waves, the mandatory targets have already been reached. However, there is still potential to the upside. So far, only the 0.618 extension has been reached in the pink (z). The next level the 0.786 extension is at 14204. In the drawn alternative, we would have with the high at 14137 only the green Alt. (w) of the yellow circled z completed and with the Friday low the green Alt. (x) finished. Should the market still aim for a new high from here, the ideal target here would be at 14235. In the vicinity of which also lies the mentioned 0.786 of the pink (z). From therefore a quite attractive target, which I like in principle much better than the current all-time high. What speaks against it, however, is that the market has run in late Friday trading again towards the low instead of clearly break away from it. A decision will probably be made early in the next trading week. Ultimately, the DAX is very likely to suffer significant losses soon and a new high, would only delay this by a few days.
FOREXCOM:GER40Short
by Elliott-Waves-2_0