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Elliott Wave Analysis On German DAX And SP500

Stock-Markets / Stock Markets 2016 Feb 25, 2016 - 08:19 PM GMT

By: Gregor_Horvat


German DAX

Bounce on DAX to 9400 today looks like a clear three wave move, so it can be wave b as part of incomplete corrective set-back. That said, we need to be aware of another leg down, ideally into gap area since Feb 15 where index may turn bullish again after the gap is filled. At the moment it can be too soon for any bullish continuation, but we will look for reversal signs for sure, once our support levels are meet.

German DAX, 1H

German DAX 1-Hour Chart


E-mini S&P500 is turning slightly down from 1936 so looks like that another leg down is in play for 1919 or even 1910 before futures contract may finally find a support and turn up for new impulsive recovery. We will look higher once a-b-c is completed.

S&P500, 15 Min

S&P500 15-Minute Chart

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Want to receive more insights like these, free? We'd be happy to email them to you. Join our mailing list >> is providing advanced technical analysis for the financial markets (Forex, Gold, Oil & S&P) with method called Elliott Wave Principle. We help traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our view and bias as simple as possible with educational goal, because knowledge itself is power.

Gregor is based in Slovenia and has been in Forex market since 2003. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets; from candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful to traders.

He was working for Capital Forex Group and His featured articles have been published in:, Action forex, Forex TV, Istockanalyst, ForexFactory, He mostly focuses on currencies, gold, oil, and some major US indices.

© 2016 Copyright Gregor Horvat - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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