DAX (Germany) Index Wave technical analysis [Video]

By: bitcoin ethereum news|2025/05/15 16:15:06
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DAX (Germany) Wave technical analysis Function: Bullish Trend. Mode: Impulsive. Structure: Orange Wave 1. Position: Navy Blue Wave 3. Direction next lower degrees: Orange Wave 2. Details: Navy Blue Wave 2 appears complete. Orange Wave 1 of 3 is now active. Wave cancel invalidation level: 18530 The daily analysis of Germany’s DAX index presents a bullish trend supported by an impulsive wave pattern. The chart indicates the formation of Orange Wave 1 within the broader Navy Blue Wave 3. This setup implies the end of Navy Blue Wave 2’s corrective action, with the market now transitioning into a fresh upward move. The structure marks the early phase of a likely extended rally, as Orange Wave 1 sets the tone for the bullish Navy Blue Wave 3. Confirmation of Navy Blue Wave 2’s completion establishes the current move as the start of a new bullish sequence. A critical invalidation level is marked at 18530. If broken, it would nullify the current wave count and possibly indicate a more complex correction or an upcoming trend shift. The current wave’s impulsive traits show strong market buying activity, further confirming the bullish scenario. Following the completion of Orange Wave 1, the next step will be Orange Wave 2, expected to bring a temporary correction. This structure helps traders interpret the DAX’s broader trend while pinpointing key support areas and risk management benchmarks. The 18530 level is vital to retain the bullish outlook as prices push higher. DAX (Germany) Wave technical analysis Function: Bullish Trend. Mode: Impulsive. Structure: Navy Blue Wave 3. Position: Gray Wave 3. Direction next higher degrees: Navy Blue Wave 3 (started). Details: Gray Wave 2 appears completed. Navy Blue Wave 1 of 3 is now active. Wave cancel invalidation level: 18530. The weekly chart for Germany’s DAX index suggests a strong bullish trend, supported by impulsive wave development. The chart positions Navy Blue Wave 3 within the broader Gray Wave 3, indicating Gray Wave 2 has ended and a new advancing wave has begun. This wave structure often represents the strongest portion of an Elliott Wave bullish phase. The move into Navy Blue Wave 1 within Gray Wave 3 marks the beginning of what could be a long-lasting uptrend. Strong buying pressure supports the current upward wave, confirming bullish momentum on the weekly timeframe. An invalidation point is marked at 18530—if broken, it may require reevaluating the wave count or acknowledging a more complex corrective scenario. This setup provides investors with a useful framework for understanding the DAX’s place in its long-term bullish cycle. Navy Blue Wave 1 likely represents just the start of a broader upward phase under Gray Wave 3. Traders should track price movement for continued signs of strength while keeping a close watch on the 18530 support level. This analysis guides risk management and strategy planning during what could be an extended rise in the index. DAX (Germany) Index Wave technical analysis [Video] Source: https://www.fxstreet.com/news/dax-germany-index-wave-technical-analysis-video-202505150732

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