{"symbol":"DAX","slug":"dax","name":"DAX","group":"World indices","asof":"2026-11-06","price":25820.36,"scale":"log","headline":"cycle V complete at €26,692.90, Supercycle (II) under way","trend":"down","swing":"down","invalidation":26692.9,"call":{"status":"changed","previous":"2026-11-05"},"main":{"summary":"terminal: primary 5's ending diagonal and cycle V completed at 26,692.90 (2026-11-05)","structure":"","next":"(2) toward 26,023.12-26,276.88, then (3) down through 25,617.54 toward 25,502.12-25,187.70; cycle A toward 23,199.66-21,273.99","window":null,"invalid_if":{"price":26692.9,"direction":"above"}},"levels":[{"timeframe":"Monthly","degree":"Supercycle","direction":"down","wave":"Supercycle (II) down from €26,692.90 (2026-11), the correction of the 2003–2026 five (I), in progress","target":{"low":10267.57,"high":null},"invalidation":26692.9,"window":null},{"timeframe":"Weekly","degree":"Cycle","direction":"down","wave":"cycle A of (II) down from €26,692.90 (2026-11-05), just begun","target":{"low":23199.66,"high":21273.99},"invalidation":26692.9,"window":{"from":"2026-11-12","to":"2044-07-03","likely_from":"2027-11-12","likely_to":"2033-07-03"}},{"timeframe":"Daily","degree":"Primary","direction":"down","wave":"primary 1 of cycle A down from €26,692.90 (2026-11-05), in progress","target":{"low":25502.12,"high":25187.7},"invalidation":26692.9,"window":null},{"timeframe":"Hourly","degree":"Intermediate","direction":"up","wave":"intermediate (2) of primary 1 up from €25,617.54 (2026-11-06 15:00 CET), in progress as a zigzag","target":{"low":26023.12,"high":26276.88},"invalidation":25617.54,"window":null},{"timeframe":"15-minute","degree":"Minor","direction":"up","wave":"minor C of intermediate (2) up from €25,713.33 (2026-11-06 16:30 CET), in progress","target":{"low":25920.3,"high":null},"invalidation":25713.33,"window":null}],"answer":"DAX (DAX) Elliott Wave count at the Nov 6, 2026 close (price 25,820.36): the called count is cycle V complete at €26,692.90, Supercycle (II) under way. It is invalid above 26,692.9. On the daily chart, primary 1 of cycle A down from €26,692.90 (2026-11-05), in progress, targeting 25,502.12 (invalid above 26,692.9).","markdown":"https://elliottwaveatlas.com/markets/dax.md","history":[{"date":"2026-11-06","price":25820.36,"status":"changed","headline":"cycle V complete at €26,692.90, Supercycle (II) under way"},{"date":"2026-11-05","price":26325.01,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-11-04","price":26437.67,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-11-03","price":25864.62,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-11-02","price":25981.09,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-10-30","price":25818.21,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-10-29","price":26039.68,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-10-28","price":25704.02,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-10-27","price":25590.77,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-10-26","price":25410.84,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-10-23","price":25181.65,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-10-22","price":25371.75,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-10-21","price":25645.04,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-10-20","price":25304.42,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-10-19","price":25319.77,"status":"held","headline":"primary 5 ending diagonal, intermediate (5) live"},{"date":"2026-10-16","price":25622.61,"status":"new","headline":"primary 5 ending diagonal, intermediate (5) live"}],"disclaimer":"Educational and informational only. Not investment advice. Elliott Wave counts are probabilistic scenarios and can be wrong."}