DAX update 24.01.18

[ew-and-patterns]

Nothing is happening in the cryptomarkets again, so no update is needed. But in the DAX we saw a sudden drop of 200P just after the new alltime-high was done. It was the biggest daily drop since 02.01.2018.

It is never a good sign, if a new alltime-high was created with a fake breakout...

But for now, the count remains bullish until 11860 is breached. The blue part of this count would be invalidated @ 12740.

In my last post I wrote:

any correction target above 12890 equals new alltime-highs in the DAX. It is that simple sometimes.

Well, this happened already, but now the DAX seems to take another nap to gather some strength, before pushing to blue wave 3 target @ 14200.

I'll keep you updated... Stay tuned...

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.

Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

Comments

[mizanrahman]

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[eliasjloreto]

👍

[poenbit]

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[ridoybachelor]

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[alex-linda]

you create some useful information....i think its useful to us.......Lot of thanks for Sharing this informative and valuable post....best of luck brother....

[klen.civil]

Thanks for sharing.
How about steem and sbd

[mdkaufman21]

I need followers

[iamgun]

thanks. have a nice day

[crushthemarket]

Thanks for the update on the DAX, I appreciate this post as it relates to a stock indices. Its great to have more balance within these posts. Cheers