Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of DAX published in members area of the website.  DAX  is showing impulsive bullish sequences in the cycle from the September 2022 low. Recently we got a 3 waves pull back that has ended right at the Blue Box zone (our buying area) .  In the further text we are going to explain the Elliott Wave Forecast and trading setup.

DAX Elliott Wave 4  Hour  Chart 07.06.2022

DAX remains bullish against the 14458.39 pivot. The Index is currently giving  us pull back in 3 waves that are reaching extreme area at 15494.5-15054.1  blue box ( buying zone) .  We don’t recommend selling it and prefer the long side. DAX index should ideally make a rally toward new highs or 3 waves bounce alternatively .As our members know Blue boxes are based on 100% – 161.8%  Fibonacci extension area , that we trade in 3, 7, or 11 swing corrective sequence. Once bounce reaches 50 Fibs against the B red high , we will make long position risk free ( put SL at BE) and take partial profits. Invalidation for the long trades is break of 1.618 fib ext : 15054.1 Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area. Quick reminder on how to trade our charts : Red bearish stamp+ blue box = Selling Setup Green bullish stamp+ blue box = Buying Setup Charts with Black stamps are not tradable. 🚫

DAX Elliott Wave 4  Hour  Chart 07.13.2022

DAX made very good reaction from our buying zone. The index has reached and exceeded 50 fibs against the B red high. So members who took the long trade are enjoying profits now in a risk free positions. We would like to see break of (3) blue high, to confirm next leg up is in progress. Keep in mind that market is dynamic and presented view could have changed in the mean time.  You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room  

Elliott Wave Forecast We cover 78 instruments in total, but it’s important to keep in mind that not every chart is trading recommendation. We present Official Trading Recommendations in Live Trading Room.  If not a member yet,  Sign Up for 14 days Trial now and get access to new trading opportunities. Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy. Please keep in mind that we don’t make the market and our forecasts don’t have 100% accuracy. However, we do have a system which allows us to get out Risk Free + cash partial profit from the trade, even if primary analysis gets wrong. Join us now and start learning from market experts. If you are looking for professional real-time analysis in Forex, Indices, commodities,Crypto currencies , stocks and ETFs you have come to the right place. Welcome to Elliott Wave Forecast !  

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