DAX - 7th November 2023 | @ 78 Days | + 0.97%
DAX - 7th November 2023 | @ 78 Days | + 0.97%
Last trade: + 0.97% | 'C' class signal detected in the German DAX. Running at an average wavelength of 78 days over 11 iterations since August 2021. Currently moving up.
ΣL Cycle Summary
Once again this is the ubiquitous 80 day ‘nominal’ wave, this time via the main German equity index, the DAX. Reflecting the same component as reported recently in the US markets, this signal only differs by somewhat more variance in frequency over the sample, rendering it a ‘C’ class signal. Due to establish a cycle peak in early December.
Trade Update
See also: Live ΣL Portfolio & History
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Sell - DAX 27th September 2023
Entry: 27th September 2023 @ 15217.45
Exit: 7th November 2023 @ 15070.2
Gain: 0.97%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: C - learn more
Average Wavelength: 77.8 Days
Completed Iterations: 11
Component Yield Over Sample: 59.3% - learn more