Updating from the previous analysis, cycles shows that we still have the chance to make a final wave to complete the elliott count on short term period. Using theoric targets show that the best case scenario could lead to a price near 12950 . A price that sounds interesting to me as it was the highest ask price reached by the "fake" IG quotes during the first...
GER30 INDEX:DAX Following on from the previous daily/weekly analysis (right below), the intraday H2 chart shows that the market could still need to run for a 5th subwave before reaching the ( III ) cycle end. As we can clearly identify a 1st wave expended impulse for this last move, we can plot a theoric target at 61% extension of subwave 1 starting at current...
Following on from the higher degree analysis : Price is showing a potential ending diagonal formation that will validate price reversal on the higher degree. Meaning we could soon find the end of our wave (III). The market should then retrace back in two waves to the levels displayed on the previous chart. Two entries can be made out of that scenario. One...
Elliott waves count suggests that the TVC:NDX is probably going to reach wave end near the current price area. Offering a retracement opportunity that could retrace back to 100% of last wave (III) as we can see that we already reached theoric target for wave (V). At this point it's hard to say before we've seen what the corrective wave looks like.. But I'm...