Jump to content

DAX & CAC Technical Outlook as Bear Market Lows Near

Recommended Posts

This video examines the downside in Europe and how things may play out as the bear market lows get near.




  • DAX is nearing a big test with the bear market lows
  • CAC 40 is only a little stronger and should soon test lows as well
  • Market may see a bounce develop, but new lows anticipated



Full article: Sep 7, 2022 | DailyFX
Paul Robinson, Strategist

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Dear @Flowdesk, Thank you for your post. Our conversion rate is 0.5%, added to the best available exchange rate from several banks at the time of trade. Thanks, KoketsoIG
    • KO Elliott Wave Analysis Trading Lounge The Coca-Cola Company (KO): Daily Chart Mode: Impulsive Structure: Motive Position: Wave 5 Direction: Top in wave 5 Details: Looking for a clear five-wave move into Intermediate wave (1) to be either completed or near completion as we have reached the medium level at $65.   The Coca-Cola Company (KO): 4H Chart Mode: Impulsive Structure: Motive Position: Wave 5 Direction: Top in wave 5 Details: Looking for either a top in wave 5 as we can count a five-wave move from the bottom in the triangle in wave 4, or else we just completed wave {i} of 5.   Welcome to our latest Elliott Wave analysis for The Coca-Cola Company (KO) as of July 23, 2024. This analysis provides an in-depth look at KO's price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on KO's market behavior. KO Elliott Wave Technical Analysis – Daily Chart The daily chart indicates a clear five-wave move into Intermediate wave (1), which is either completed or near completion as the price has reached the medium level around $65. Traders should watch for signs of a potential top in wave 5, as this could indicate the end of the current bullish phase and the beginning of a corrective phase. KO Elliott Wave Technical Analysis – 4H Chart The 4-hour chart shows that a five-wave move can be counted from the bottom of the triangle in wave 4, suggesting that wave 5 might be completed or wave {i} of 5 is completed. This indicates that traders should be cautious of a potential top formation and be prepared for a possible corrective move.   Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!  
    • Semiconductor shares rebounded in Asia overnight but weaker commodity prices cast a gloom over the session. Disappointment over the lack of any major growth initiatives at China's recent Plenum have left indices there rudderless, while a strengthening yen has hobbled the Nikkei 225's rebound. Attention now turns to earnings from Tesla and Alphabet, following on from Netflix last week. These two member of the 'Magnificent 7' will set the tone for the rest of the week. Kamala Harris has achieved enough support to be the Democrat nominee, while raising a record $81 million in donations in 24 hours. Markets continue to await fresh polling on a contest between Donald Trump and the incumbent vice-president. 
  • Create New...