Join CycleWave at Discord community to get more exciting trade ideas for free. Now on wards no more updates available on the blog. So click here to join Discord.
7/26/2020
DAX (DE30 - DAX) - Bearish or chopy - what’s next ?
DAX (DE30 - Xetra) has completed 5th wave in ending diagonal of impulse cycle started from Corona low. It is started correction thereafter, which seems complex WXY or flat ABC, so possible next price action will be choppy up abc from Monday.
SDAXI (DAX Smallcap - DAX) - Choppy to bullish bias
SDAXI (SDAXI - Xetra) is in 4th correction of 5th wave, which seems over and 5th subwave will start to move higher to end the cycle. It doesn’t fit in ending diagonal structure just like DAX.
TECDAX (DAX Technology - DAX) - Choppy to bearish price action
TECDAX (DAX Technology - Xetra) is in WXY complex correction, where W and X both ended in ABC zigzag. A of Y is in progress, so stay bearish in three wave pull back up side.
Adidas AG (ADS - DAX) - Choppy to bearish price action
Adidas AG (ADS - Xetra) has completed B wave in complex WXY corrective pattern, but the drop in (C) wave is not clear wave, so wait for more price action, Stay bearish in bounce with stops above 249.40 for target zone of 215 or lower.
Allianz SE (ALV - DAX) - Will it be choppy or trendy ?
Allianz SE (ALV - Xetra) is in complex correction WXY, where Y is in progress downward. Stay bearish as it progresses in wxy as double zigzag. Wait for x to unfold to get in.
Bayer AG (BAYN - DAX) - choppy price action
Bayer AG (BAYN - Xetra) is in Y wave of (W), which might be extend its C wave, so wait for more price action to unfold. Stay bearish if three wave bounce occur as (X) wave.
Beiersdorf AG (BEI - DAX) - choppy price action
Beiersdorf AG (BEI - Xetra) is in impulse of C wave of (Y) wave. It is in 5th subwave of 3rd wave up of C, so wait for two consecutive minor swings to end the cycle and thereafter bearish cycle starts down.
Continental AG (CON - DAX) - Choppy to bullish price action
Continental AG (CON - Xetra) is in (X) wave as ABC zigzag, where 4th of C is in progress. So wait for 5th to finish the cycle for (X) wave. Stay bearish thereafter for (Y) wave down.
Deutsche Bank AG (DBK - DAX) - Bearish or choppy - what’s next ?
Deutsche Bank AG (DBK - Xetra) As mentioned in previous updates about diagonal 5th of C wave, which already did the same as expected. Now it is in ABC zigzag down, so wait for B to unfold then short C wave down.
Deutsche Boerse AG (DB1 - DAX) - Bulls in control
Deutsche Boerse AG (DB1 - Xetra) is in 4th wave flat or complex correction, so wait for it to over to get in to in for 5th wave up cycle. It is exaclty moving as per plan till now.
Deutsche Post AG (DPW - DAX) - Bulls in control
Deutsche Post AG (DPW - Xetra) is about to end 3rd subwave of 5th wave unless it further extends. So wait for next price action to confirm the waves before reacting it. It is strong stock compared to DAX.
Deutsche Telekom AG (DTEA - DAX) - Bearish to choppy price action
Deutsche Telekom AG (DTEA - Xetra) has completed impulse sequence in 4 hr time frame. It has finished 5th wave as ending diagonal, which indicates the sharp fall will be the next move. Wait for B wave to get in to sell trade next.
Fresenius Medical Care (FME - DAX) - Choppy to bearish price action
Fresenius Medical Care (FME - Xetra) is in WXY correction, where X wave was ABC irregular flat correction, which always surprises traders by impulse cycle both the sides to confuse them all. Stay bearish for C down cycle in Y wave when B wave gets finished.
EON SE (EON - DAX) - bearish price action
EON SE (EON - Xetra) has completed ABC zigzag up from major bottom and C wave finished with 5th wave ending diagonal structure. Stay bearish in pull back for target zone of 9.80 or more lower. The fall in price is still not clear cycle, so wait for bounce to get into.
Henkel AG (HNK - DAX) - choppy to bearish price action
Henkel AG (HNK - Xetra) has completed B wave (or X) as the part of correction. Stay bearish from current level below 76.65 for target below 73.80 as wave A (or 1st ). Keep eye on invalidation level to mark your stops.
Linde PLC (LIN - DAX) - Bulls in control
Linde PLC (LIN - Xetra) is in 4th wave correction of C wave, so stay bullish as it finish the cycle. Keep eye in 5 min time frame to track the entry and stops to fine tuned the entry.
Merck KGaA (MRK - DAX) - Bearish price action
Merck KGaA (MRK - Xetra) has completed WXY cycle and completed ABC of Y wave in 4 hr time frame. It dropped in A wave, so wait for B wave to finish to get in to sell trade for target zone of 107 or lower.
SAP SE (SAP - DAX) - Choppy or bullish - what’s next ?
SAP SE (SAP - Xetra) 3rd wave of impulse cycle is over from major bottom in 4 hr time frame. So stay bearish for 4th wave correction. Price isn’t made any clear corrective pattern yet, so wait for A or W - which wave is formed to trade accordingly.
HelloFresh SE (HFG - DAX) - Choppy price action
HelloFresh SE (HFG - Xetra) is in corrective mode, where it dropped in ABC zigzag and now correcting in abc cycle, wait for more clear price action.
MTU Aero Engines (MTX - DAX) - Choppy or bearish - what’s next ?
MTU Aero Engines (MTX - Xetra) is in (C) wave down, but it must stay below 158.50 to confirm it. So stay bearish in pull back for 3rd of C wave down as subdivision.
Delivery Hero AG (DHER - DAX) - Bullish or choppy - what’s next ?
Delivery Hero AG (DHER - Xetra) is in C wave down in ABC zigzag, where 4th subwave will be about to start, so when it finishes stay bearish for one more low to end the cycle.
Deutsche Wohnen AG (DWN - DAX) - Choppy to bearish price action
Deutsche Wohnen AG (DWN - Xetra) is in C wave down in ABC correction, where B wave was complex correction. Stay bearish once 1st wave impulse confirmed with stops above 41.65 for target zone of 38 or lower.
United Internet AG (UTDI - DAX) - Bearish price action
United Internet AG (UTDI - Xetra) has completed impulse cycle up as expected previously. Stay bearish in pull back when B (or X) over for big C wave down for target zone of 36 or lower.
TeamViewer AG (TMV- DAX) - Choppy price action
TeamViewer AG (TMV- Xetra) is in (X) wave as complex corrective pattern, so wait for it to over to sell for (Y) down cycle.
Scout24 AG (G24 - DAX) - Bearish price action
Scout24 AG (G24 - Xetra) has completed 5th wave in ending diagonal structure as expected earlier, so stay bearish now in pull back with stops above75.80. It should go big down now. Wait for confirmation to break the diagonal lower trend line.
Siemens Healthineers AG (SHL - DAX) - Choppy to bearish price action
Siemens Healthineers AG (SHL - Xetra) has completed (B) wave and now moving down towards (C) wave. Stay bearish with stops above 45 level for target below 40.80 level.
7/18/2020
DAX (DE30 - Xetra) - Bulls or bears - who will take over ?
DAX (DE30 - Xetra) 3rd subwave of 5th wave up is in progress, but counts are not clear due to overlapping structure in the chart, stay bullish above 12563 level as stops to wave 5 target for 13100-300 zone. The waves are overlapping so ending diagonal formation also possible as alternate count.
SDAXI (DAX Smallcap - Xetra) - Bulls or bears - who will take over ?
SDAXI (SDAXI - Xetra) is in 3rd subwave of 5th wave up, so stay bullish above 11857 level. Now price should rise sharply as 3rd subwave is in progress.
MDAXI (DAX Midcap - Xetra) - Bulls or bears - who will take over ?
MDAXI (MDAXI - Xetra) is in 3rd subwave of 5th wave up, which is more clear picture than DAX index. Stay bullish above 26435 level as invalidation level. Price facing previous high as resistance, which once broken out, then it will rise faster.
TECDAX (DAX Technology - Xetra) - Bulls or bears - who will take over ?
TECDAX (DAX Technology - Xetra) price is in 3rd wave up, where it is possible that 2nd subwave correction will start, but stay bullish as it ended. It can be either ABC or impulse cycle.
Adidas AG (ADS - Xetra) - Choppy to bearish price action
Adidas AG (ADS - Xetra) is in 2nd internal wave of 3rd subwave of C wave down, stay bearish below 244.30 as stops for target of 220 or lower level as now price will resume down trend for 3rd internal wave soon.
Allianz SE (ALV - Xetra) - Will it be choppy or trendy ?
Allianz SE (ALV - Xetra) is in 2ndrd subwave of 3rd wave up in C wave cycle. Stay bullish above 178.85. It can give little more dip as 2nd subwave are supposed to retrace more (than wave 4).
Bayer AG (BAYN - Xetra) - choppy price action
Bayer AG (BAYN - Xetra) it dropped in A wave and now correcting in B wave as abc, so the choppy price action expected. It is possible that it can go down from current level, but wait for B wave to occur before get in to it.
Beiersdorf AG (BEI - Xetra) - choppy price action
Beiersdorf AG (BEI - Xetra) is subdividing in impulse of C wave of (B) in ABC zigzag as expected before. So wait it for complete to trade for (C) down sequence. It is in 3rd subwave of C wave up.
Continental AG (CON - Xetra) - Choppy price action
Continental AG (CON - Xetra) is having two alternate count, the bearish scenario is under progress below 90.85 and above that level choppy X up cycle will be in progress. Currently price is in bearish scenario, but as DAX will go up to complete the 5th wave, it is possible that it will rise to complex X wave. So here wait for 2-3 days to have clear view of waves.
Deutsche Bank AG (DBK - Xetra) - Choppy to bullish price action
Deutsche Bank AG (DBK - Xetra) 5th wave of C cycle, which might forming diagonal structure and one high away to end the pattern (if diagonal proven). So no trade zone for right now, once it over then it is good sell trade set up as finance sector is in down trend across Europe.
Deutsche Boerse AG (DB1 - Xetra) - Bulls in control
Deutsche Boerse AG (DB1 - Xetra) it is about to end 4th subwave of 3rd wave up, so wait for confirmation to get in to it. Stay bullish until price retains above 156.80.
Deutsche Post AG (DPW - Xetra) - Bulls in control
Deutsche Post AG (DPW - Xetra) is about to end 3rd subwave of 5th wave unless it further extends. So wait for next price action to confirm the waves before reacting it. It is strong stock compared to DAX.
Deutsche Telekom AG (DTEA - Xetra) - Bulls in control
Deutsche Telekom AG (DTEA - Xetra) is in 3rd internal wave of 3rd subwave of 5th wave up, so stay bullish above 15 level for target of above 15.80.
Fresenius Medical Care (FME - Xetra) - Choppy price action
Fresenius Medical Care (FME - Xetra) is in WXY correction, so wait for B to over as abc zigzag to sell in C wave down for Y wave. Check confirmatory impulse down move before get in to it.
EON SE (EON - Xetra) - Choppy price action
EON SE (EON - Xetra) is in WXY correction after it completed ABC in 4 hr time frame. It is in 4th subwave of C up in X wave. So wait for 5th to complete to trade Y wave down. It is out-performing DAX. So confirmation is needed to trade Y wave down. Alternatively it can be the part of impulse.
Henkel AG (HNK - Xetra) - choppy price action
Henkel AG (HNK - Xetra) is in 2nd subwave of C wave up in (B) wave, so stay bullish when 2nd subwave is over. Overall it is in choppy price action.
Linde PLC (LIN - Xetra) - Bulls in control
Linde PLC (LIN - Xetra) is in 4th subwave of 3rd wave up in 1 hr time frame. Overall its a 3rd wave up of C wave in daily time frame. So stay bullish when c of 4th subwave will over with stops above 202.55 for target above 218 or higher.
Merck KGaA (MRK - Xetra) - Choppy to bullish price action
Merck KGaA (MRK - Xetra) is about to end its 5th wave of C wave as expected earlier. So next is pull back or reversal time. Alternatively it can extend (Y) wave by making green count in effect. So wait for confirmatory move before Sell it down.
SAP SE (SAP - Xetra) - Bulls in driving seat
SAP SE (SAP - Xetra) stay bullish with stops below 131.20 for target of around 146-150 for 5th wave target as it will start 3rd subwave soon.
Vonovia SE (VNA - Xetra) - Bulls in control
Vonovia SE (VNA - Xetra) is in 5th wave up, which is subdividing further. It is about to end 2nd subwave of 5th wave, thereafter 3rd wave will resume up trend. Stay bullish above 52.25 for the target of new all time high above 58 or higher.
HelloFresh SE (HFG - Xetra) - Bulls in complete control
HelloFresh SE (HFG - Xetra) is in 4th wave complex correction, which is about to end with one more low after small retracement, thereafter 5th wave up will start.
MTU Aero Engines (MTX - Xetra) - Choppy or bearish - what’s next ?
MTU Aero Engines (MTX - Xetra) is in C wave, which is in 2nd subwave and will start 3rd subwave soon, so stay bullish for C wave. It is in choppy zone.
Delivery Hero AG (DHER - Xetra) - Bullish or choppy - what’s next ?
Delivery Hero AG (DHER - Xetra) is in C wave up in corrective cycle. C wave will subdivide and start its 3rd subwave, so stay bullish with stops below 92.25 for target of around 100-102 for (B) wave. Then drop will start for (C) wave.
Deutsche Wohnen AG (DWN - Xetra) - Bulls taking control slowly
Deutsche Wohnen AG (DWN - Xetra) is in 3rd wave up, where 2nd subwave is ended, but wait for small impulse as confirmatory sign. Buy above 40.65 with stops below 39.45.
United Internet AG (UTDI - Xetra) - bulls in control
United Internet AG (UTDI - Xetra) is in 5th subwave of 5th wave up after 4th wave was ended in triangle. It is in 3rd internal wave of 5th subwave, so buy with stops below 38.50.
TeamViewer AG (TMV- Xetra) - Choppy or trendy - what’s next ?
TeamViewer AG (TMV- Xetra) is in (X) wave as complex corrective pattern, so wait for it to over to sell for (Y) down cycle.
Scout24 AG (G24 - Xetra) - Bullish or choppy - what’s next ?
Scout24 AG (G24 - Xetra) is in 5th wave, which is progressing in ending diagonal structure. 5th subwave of 5th wave is in progress. Buy with stops below 68.30.
Siemens Healthineers AG (SHL - Xetra) - Choppy to bearish price action
Siemens Healthineers AG (SHL - Xetra) is in (B) wave, which is subdivided in WXY correction. Y wave as abc zigzag up is in progress. Stay bearish when it gets over.
7/16/2020
DAX (DE30 - Xetra) - Choppy or bullish - What’s next ?
DAX (DE30 - Xetra) 3rd subwave of 5th wave up is in progress, but counts are not clear due to spikes in the chart, stay bullish above 12432 level as stops to wave 5 target above 13300.
MDAX
TECDAX (DAX Technology - Xetra) - Choppy or trendy - what’s next ?
TECDAX (DAX Technology - Xetra) stay bullish for 3rd wave up cycle with stops below 3003.
Adidas AG (ADS - Xetra) - Choppy price action
Adidas AG (ADS - Xetra) is in 2nd subwave of C wave down, stay bearish below 249.10 as stops for target of 220 level, so confirm the end of 2nd subwave in 3 min time frame to get in to it.
Allianz SE (ALV - Xetra) - will it be choppy or trendy ?
Allianz SE (ALV - Xetra)is in 3rd subwave of 3rd wave up in C wave cycle. Stay bullsih above 181.84.
Bayer AG (BAYN - Xetra) - choppy price action
Bayer AG (BAYN - Xetra) it dropped in A wave and now correcting in B wave as abc, so the choppy price action expected and c of B can go higher as DAX expected to go in impulse up.
Beiersdorf AG (BEI - Xetra) - choppy price action
Beiersdorf AG (BEI - Xetra) is subdividing in impulse of C wave of (B) in ABC zigzag as expected before. So wait it for complete to trade for (C) down sequence.
Continental AG (CON - Xetra) - Choppy price action
Continental AG (CON - Xetra) is in 3rd subwave of 3rd wave of C wave down as primary count, So stay bearish below 87.43 for the target of around 78-76 zone.
Deutsche Bank AG (DBK - Xetra) - Choppy to bullish price action
Deutsche Bank AG (DBK - Xetra) is in 3rd subwave of 5th wave up in C wave as the part of ABC zigzag cycle. It must stay above 8.43 to retain the count valid.
Deutsche Boerse AG (DB1 - Xetra) - Bulls in control
Deutsche Boerse AG (DB1 - Xetra) is in 5th subwave of 3rd wave up in impulse cycle. Stay bullish with stops below 161.77 as invalidation level, if 4th subwave is considered to be over as ABC. Alternatively it may be WXY, where one more low is possible before resume the price upward.
Deutsche Post AG (DPW - Xetra) - Bulls in control
Deutsche Post AG (DPW - Xetra) is one more high away to end the 3rd wave of C wave. Thereafter 4th wave will moving down unless if its not extending, so wait for price action to confirm the 3rd wave over before sell in 4th wave as DAX expected to be higher.
Deutsche Telekom AG (DTEA - Xetra) - Bulls in control
Deutsche Telekom AG (DTEA - Xetra) is in 3rd subwave of 5th wave up, so stay bullish above 14.73, here its not clear that 2nd internal wave of 3rd subwave is over or not, but if price slightly go down then it will good buy.
Henkel AG (HNK - Xetra) - choppy price action
Henkel AG (HNK - Xetra) - it is difficult to say that C wave will subdivide or not, but it is possible that C wave will go up as DAX market expected to rise for 5th wave. So pull back of 2nd subwave in C wave will be buy to resume price higher.
Merck (MRK - Xetra) - Choppy to bullish price action
Merck (MRK - Xetra) is almost about to end impulse cycle of C wave with one more high( unless it keeps extending). So wait for next price action to decide the next direction.
SAP SE (SAP - Xetra) - Bulls in driving seat
SAP SE (SAP - Xetra) has resumed up trend in 5th wave up, so stay bullish with stops below 131.19 for new high above 141.
HelloFresh SE (HFG - Xetra) - Bulls in complete control
HelloFresh SE (HFG - Xetra) is in 5th wave up, but wait for impulse wave confirmation in 3 min time frame to get in. Stay bullish as price trend is up.
MTU Aero Engines (MTX - Xetra) - Choppy or bearish - what’s next ?
MTU Aero Engines (MTX - Xetra) is in choppy wave cycle, which was 2nd wave, stay bearish when overall correction over for down trend.
Delivery Hero AG (DHER - Xetra) - Bullish or choppy - what’s next ?
Delivery Hero AG (DHER - Xetra) it dropped in wave A impulse and now correcting up in B was as abc, so wait for it to complete to get in to sell trade.
Deutsche Wohnen AG (DWN - Xetra) - Bulls taking control slowly
Deutsche Wohnen AG (DWN - Xetra) is in 3rd wave up, where 2nd subwave is in under progress, stay bullish above 38.95 for up move.
United Internet AG (UTDI - Xetra) - bulls in control
United Internet AG (UTDI - Xetra) is in 5th subwave of 5th wave up after 4th wave was ended in triangle, so stay bullish above 38.52 as stops.
TeamViewer AG (TMV- Xetra) - Choppy or trendy - what’s next ?
TeamViewer AG (TMV- Xetra) has completed ABC zigzag wave within 4 hr time frame and now correcting down in WXY choppy corrective structure.
7/11/2020
DAX (DE30 - Xetra) - Choppy or bullish - What’s next ?
DAX (DE30 - Xetra) is within two possible counts as per EW theory. The primary count is impulse up, where 5th wave up in progress. It is in the 3rd subwave of 5th wave up, which is in its final move up as 5th internal wave. Thereafter 4th subwave will go down to complete it, which must stay above 12432 level to retain impulse valid. Another count is choppy WXY, which is shown in red count, where C of X wave up is in progress. 5th wave of C is in progress, thereafter price should fall down up to 11600 or lower to complete Y wave, which is secondary count and valid only below 12432 level. In weekly time frame it is in 5th wave up. So it means the cycle in smaller time frame should reflect that as impulse or either within diagonal structure
So Stay bullish until the invalidation level broken down below 12432.
SDAXI (DAX Smallcap - Xetra) - Choppy or trendy - What’s next ?
SDAXI (SDAXI - Xetra) is in 5th internal wave of 3rd subwave of 5th wave of impulse sequence as similar to DAX count. It is more clear to identify the waves here. The price must stay above 11651 to retain as an impulse count for target of new high above 12400 - 12700 zone end the impulse cycle. In weekly time frame it is in 5th wave up.
MDAXI (DAX Midcap - Xetra) - Choppy or trendy - What’s next ?
MDAXI (MDAXI - Xetra) is in 5th internal wave of 3rd subwave of 5th wave of impulse sequence as similar to DAX count. It is more clear to identify the waves here as similar to SDAXI. The price must stay above 26288 to retain as an impulse count for target of new high. In weekly time frame it is in 5th wave up.
TECDAX (DAX Technology - Xetra) - Choppy or trendy - what’s next ?
TECDAX (DAX Technology - Xetra) is in impulse cycle up, which could be the part of new 3rd wave impulse cycle or some complex correction. It is in 5th wave extension in 15 min time frame, where 3rd subwave will start moving up on Monday. If price falls below 2995, which ends the impulse cycle and calls it’s correction. Primary count is here 3rd wave up is in progress in 4 hr time frame, where 1st subwave is in progress in 30 min time frame. But we will know the priority of count as price progresses on chart.
Adidas AG (ADS - Xetra) - Choppy price action
Adidas AG (ADS - Xetra) is in ABC correction with 2 hr time frame, where wave C down is in progress. It is under-performing DAX index. It completed wave 1 of C down and now correcting within 2nd wave up, which should be deeper as DAX is in up trend. It must stay below 249.05 to retain the count valid, so stay small bearish below this level as stop loss. 
Allianz SE (ALV - Xetra) - will it be choppy or trendy ?
Allianz SE (ALV - Xetra) is in C wave of Y wave up within (B) wave correction in daily time frame. In 2 hr time frame, it is in 3rd wave up of C wave after B wave ended in triangle. But it should now run faster upside and stay above 178.86 level to retain the count valid. Below 177.76 the Price turns in to complex correction of B wave as the part of Y wave up cycle. This is not very clear count, so within the range of 189.80 - 177.76 do nothing. In weekly time frame it is in correction down.
Bayer AG (BAYN - Xetra) - choppy price action
Bayer AG (BAYN - Xetra) has completed ABC cycle in 4 hr time frame. In 30 min it dropped in abc zigzag wave as primary count and now correcting up in X wave, so wait for abc zigzag of X wave will over to get entry in Y wave. Alternate count will be ABC zigzag, which both directs choppy price action.
Beiersdorf AG (BEI - Xetra) - choppy price action
Beiersdorf AG (BEI - Xetra) has completed WXY correction within 4 hr time frame in double zigzag, thereafter it made a sharp declining wave A. Wait for B wave correction to over to get entry for sell in wave C. Wait for confirmation before entry.
Continental AG (CON - Xetra) - Choppy price action
Continental AG (CON - Xetra) is within ABC correction, which might be possible ended as wave W and corrective wave X is in progress as market direction is slightly bullish. So above 90.74 the X wave confirms the WXY count, but below that count, C wave is still has a life go down as impulse shown in chart. Keep eye on the chart to get any trade set up if it confirms anything out of it.
Covestro AG (1COV - Xetra) - Choppy to bearish price action
Covestro AG (1COV - Xetra) is in ABC zigzag move down in 2 hr time frame. Where wave A impulse and B complex corrective wave as wxy were over. 1st wave of C wave down was also over and price is in 2nd wave correction as abc in progress. Wait for c of 2nd wave to over to sell it down for big C wave with stop loss of 36.28 level. In weekly time frame it is in huge down trend.
Deutsche Bank AG (DBK - Xetra) - Choppy to bullish price action
Deutsche Bank AG (DBK - Xetra) is in 5th wave up of C wave within ABC zigzag cycle in 4 hr chart. It is subdividing in 5th wave after 4th wave triangle was over. Stay bullish for 5th wave up with stops below 8.44 level as invalidation level.
Deutsche Boerse AG (DB1 - Xetra) - Bulls in control
Deutsche Boerse AG (DB1 - Xetra) is in impulse up cycle in 30 min time frame. It is in 4th wave correction which will end soon and thereafter 5th subwave of 3rd wave up will rise to new high. Stay bullish above 156.60 level in every three wave pull back downside. It is in 5th wave in weekly time frame.
Deutsche Post AG (DPW - Xetra) - Bulls in control
Deutsche Post AG (DPW - Xetra) is in strong impulsive move up side in 30 min time frame. It is in 4th internal wave of 3rd subwave up within 5th wave up of C wave cycle (reading this without chart is quite confusing - so look at the chart). It is good buy within 4th internal wave for new high to end 3rd subwave. Buy three wave pull back even after making new high to get another cycle up, which finally ends the C wave. In weekly time, it can be in a new up cycle or correction. So keep eye within 4 hr time frame to track the wave count.
Deutsche Telekom AG (DTEA - Xetra) - Bulls in control
Deutsche Telekom AG (DTEA - Xetra) is in impulse cycle up in 4 hr time frame, where 5th wave up is in progress. In 30 min time frame the 1st subwave leading diagonal and 2nd subwave correction both already ended. Price is now in 3rd subwave of 5th wave up. Stay bullish with stops below 14.45 level for target above 15.80. Keep eye on chart in 10 min time frame to find entry and exit levels. 
Fresenius Medical Care (FME - Xetra) - Choppy price action
Fresenius Medical Care (FME - Xetra) has completed impulse cycle in 4 hr time frame. It is in B wave, which is as abc flat correction and c down is in progress. 1st wave is about to end soon, then 2nd wave will go up, where sell entry will be possible with stop loss above 79.35 as invalidation level of c wave. The c wave target will be about 71.80 or below.
Henkel AG (HNK - Xetra) - choppy price action
Henkel AG (HNK - Xetra) has completed ABC zigzag correction up side in 4 hr time frame. It is now in ABC flat correction, where B wave as abc correction is in under progress. Wait for impulse cycle and pull back to buy it. Buy with stops below 72.60 as invalidation level for c wave up. It is very choppy price action here in this correction, so take only small position. Wave c of B should run right away without chopping around.
Merck (MRK - Xetra) - Choppy to bullish price action
Merck (MRK - Xetra) is within double zigzag WXY pattern in 4 hr time frame, where It is in ABC zigzag move of Y wave up in 60 min time frame. It is about to end 4th subwave down soon in C wave up, thereafter buy for 5th wave up.
SAP SE (SAP - Xetra) - Bulls in driving seat
SAP SE (SAP - Xetra) is in 4th subwave of 3rd wave up within impulse up cycle in 4 hr time frame. Stay bullish when 4th subwave will over in flat kind of correction for target of 5th subwave up with stops level below 127.70. In weekly time frame it is in 5th wave up and out-performing stock than DAX index.
HelloFresh SE (HFG - Xetra) - Bulls in complete control
HelloFresh SE (HFG - Xetra) is within 3rd wave in impulse cycle in 2 hr time frame. It is in 2nd internal wave of 5th subwave in 3rd wave of impulse cycle, which is about to over and then 3rd internal wave will start moving up.
MTU Aero Engines (MTX - Xetra) - Choppy or bearish - what’s next ?
MTU Aero Engines (MTX - Xetra) is in corrective 2nd wave of C wave down in daily time frame. It is within wxy correction as the part of B wave in 60 min time frame, where y wave is start moving up side. So wait for it to complete with confirmation. Then sell for 3rd wave major down of C down. It is under-performer stock and must stay below 188.20 level to retain count valid.
Delivery Hero AG (DHER - Xetra) - Bullish or choppy - what’s next ?
Delivery Hero AG (DHER - Xetra) has completed impulse cycle in 4 hr time frame as the part of 5th wave of C (or 3rd) cycle in weekly time frame. Now in 30 min time frame it started correction. It completed A wave as abc, means it will either progressing in flat or complex correction and next direction will be up. Wait for confirmation of A wave down over then only stay bullish, as it is very strong stock.
Deutsche Wohnen AG (DWN - Xetra) - Bulls taking control slowly
Deutsche Wohnen AG (DWN - Xetra) is in impulse sequence of 3rd wave up in 4 hr time frame as the part of weekly 5th wave up. So stay bullish. It is in 2nd subwave correction of 3rd wave up, so wait for it to complete and thereafter get in to trade for 3rd subwave up of 3rd wave with stops below 38.95 for target of new high till it has having high momentum.
United Internet AG (UTDI - Xetra) - bulls in control
United Internet AG (UTDI - Xetra) is in impulse cycle up in 4 hr time frame and moving up in 5th wave up. In 30 min time frame it is in 4th subwave of 5th wave, which probably complex or flat correction and need little time to complete, so wait for it to buy with stops below 37.78 level to buy for new high. Again here it can be possible of diagonal structure too as secondary count, which will the next option if price dip down to invalidation level.
TeamViewer AG (TMV- Xetra) - Choppy or trendy - what’s next ?
TeamViewer AG (TMV- Xetra) has completed ABC zigzag wave within 4 hr time frame. But wait until it confirms the impulse cycle down. In weekly time frame it has completed WXY as double zigzag correction. So next possible movement will be choppy to down. So wait for good entry to get in to trade.
For Historical analyses of DAX30 index and stocks click here.
