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DAX Technical View: 15000-14800 Support Zone Looms

Published 10/01/2021, 07:50 AM
Updated 07/09/2023, 06:31 AM

DAX is coming down to 15,000 levels again, making a new impulse. A higher degree corrective setback is still underway, and it may continue downwards.

 

As per Elliott Wave analysis, DAX40 is looking for a more profound and complex 7-swing correction where one more leg down is still missing. So, watch out for a final decline towards the 15,000 - 14,800 support zone before the bulls show up again.

 

DAX40 4h Elliott Wave Analysis

DAX Elliott Wave technical analysis.

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