DAX 40 Elliott Wave Analysis
The DAX 40 is the primary benchmark for the German stock market. It is heavily influenced by European manufacturing data, ECB policy, and global trade dynamics.
DAX wave structures tend to be impulsive during European economic expansion and corrective during periods of manufacturing contraction. The index is more cyclical than US indices.
Key levels at 17,000, 18,000, 19,000, 20,000.
DAX wave counts should be cross-referenced with EUR/USD. A bullish DAX wave 3 during a bearish EUR/USD period signals a divergence that often resolves with a sharp DAX correction.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
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Updated before London open, every trading day. H4, Daily, and Weekly wave counts with precise Fibonacci targets.