Showing posts with label ADS Securities. Show all posts
Showing posts with label ADS Securities. Show all posts

Monday, March 16, 2015

Dax Update

This is a followup to my last post on the DAX, where i had posted 3 alternate counts. As from my post 2 counts have now been eliminated and the count below stands. The market is now at  12047 slightly above where the 3rd count (now eliminated) target was shown at 11900.
Old Count
New Count with extended 5th wave. Old 5th wave circled in red.
An internal count of the extended 5th wave is below.
A break of 11745 and 11598 should confirm a top in the DAX.








Wednesday, February 4, 2015

Three Ways of Counting the Move in the DAX

Yesterday at a ADS Seminar Mr. Nour Eldeen Al Hammoury asked the crowd if the dax made an ABC move in an Elliott Wave context. The move was symmetric and could be termed a 1:1 symmetric move, but in an Elliott Wave context the answer is a simple NO as ABC's do not make new highs unless the B is part of another B within an expanded flat. This count is highly unlikely since the B wave is 8%+ now over the A wave on the larger wave count as demonstrated below.




What is more likely is one of the below counts.
1. Final move has just ended.
Daily.

Weekly
Price has also hit the top of a trend channel so some sort of pullback would seem appropriate.

2. The ABC in question is actually a Wave 1 of an ending diagonal (wave 5) which consists of 5 overlapping ABC's shaped in a wedge,
This is the one i think is most likely.