Elliott waves in German indices: series, venue and timeframe
Price and performance DAX, MDAX, SDAX and TecDAX with reproducible source checks before moving wave labels.
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Identify the exact price series before counting German waves. These checks and explicitly fictional calculations supplement our historical DAX example; they are not current price forecasts. Sources reviewed on 25 October 2026.
DAX: price, performance and the move from 30 to 40
The performance index incorporates reinvested dividends; the price index tracks price changes without that reinvestment. Long-term turning points can consequently differ. Fictional ex-dividend example: 100 becomes 98 after a distribution of 2; that observation is not the same as reinvested total return. DAX expanded from 30 to 40 constituents on 20 September 2021. Historical data describe the index at the time, not a retrospectively constant portfolio of today’s 40 shares.
MDAX: test a separate hypothesis
MDAX is a separate index, not a reduced DAX chart. STOXX identifies its gross-return variant with ISIN DE0008467416; an FSMX future is another instrument. Use the explicitly fictional sequence 100→120→110→145→125→150 for a price-rule exercise. The upward lengths are 20, 35 and 25, so wave 3 is not shortest. Point 4=125 does not overlap point 1=120. Subdivisions and the time each observation became available still require separate checks.
SDAX: missing bars are not waves
For an SDAX count, preserve the chosen index variant, source, session and complete OHLC series. A provider’s data hole does not become a confirmed swing when joined by a line. Exercise without real quotes: if three expected sessions are absent between observations, the intervening path remains unknown. Check the calendar and download first; do not invent sideways waves or executable extremes for missing sessions.
TecDAX: technology selection and overlapping constituents
TecDAX and DAX apply different selection criteria. Technology companies can appear in both TecDAX and a size index, so two similar charts are not two independent confirmations. Give TecDAX its own source and the same frozen observation cutoff. FTDX is the TecDAX future: its contract price and maturity must not disappear under an index label.
German shares: record Xetra and Tradegate
For German shares, record ISIN, share class, venue, currency and adjustments. Xetra and Tradegate can show different observations for the same share. Since 1 December 2025, Extended Xetra Retail Service includes early and late phases within 08:00–22:00; main trading and its official OHLC remain separately defined. Check which phases the export includes. Do not automatically treat every Xetra bar as a 09:00–17:30 series.
DAX H1, D1 and W1: aggregation and gaps
Build H1, D1 and W1 from the same documented dataset. Open is the first observation, close the last, and high/low the extremes; a weekly bar does not reveal their order. A DAX gap contains no invisibly confirmed subwaves. Save weekly context, daily hypothesis and hourly checks with separate availability times. Start with our real 2020 DAX example and work through its main and alternative hypotheses.