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There are two other possible scenario with DAX. Another scenario is the move from 3/22 low is unfolding as an Impulse Elliott wave structure instead of a zigzag. This scenario can happen if the current move higher gets extended to 1.618 extension (12251). In this case, we can label the move to 12130.5 as Minutte wave (i), the pullback to 11942.5 can be labelled as Minutte wave (ii) and the move higher to 12251 (at least) can be counted as Minutte wave (iii). In an impulse scenario, the Index…

The move higher in DAX from 3/22 low is proposed to be unfolding as a zigzag Elliott Wave structure where the first leg Minutte wave (a) is subdivided in a 5 waves impulse Elliottwave structure and the third leg wave (c) is also subdivided into a 5 waves impulse Elliottwave structure. It’s not a good time to chase long in the Index at this stage as Index has reached short term inflection area where cycle from 3/22 low can end and a 3 waves pullback at minimum can be…

CNX has a bullish sequence from January 2016 low as it rallied in 5 waves forming a leading diagonal in wave A which ended on 12/08/2016. From there it started doing wave B pullback to correct that cycle in a double three Elliott wave structure which missed equal legs area $14.41 by few points.

The cycle from the peak is mature and have enough number of swings in place to call it completed , so with a break above the descending trend-line we can have a confirmation that wave B is already…

Consol Energy (NYSE:CNX) is the largest producer of bituminous coal in the United States and the largest exporter of U.S. coal, It managed to survive through the major disruption in the financial markets because of its diversification strategy around natural gas and other services. Despite being one of the oldest company in the industry, originally created in 1860 as the Consolidation Coal Company , Consol Energy only went public in 1999 in order to pay down some of its debt and in 2010 it…