Now the DAX is making an , wich is signaling the end of this extreme Bull market. Bear market will probably start from today!
When you look at the last candle, it looks very negative, if this candle would close even below the 13150, than it's almost a guarantee that a long term top is set!
Even though US was making new highs, Europe was not that optimistic. Dax is hanging on the support line of the big ending diagonal. If we would drop below the 13.150 tomorrow and maybe even close the week below the 12.750, than you should assume the bull run is over and the top is set for the start of the long term bear market
But now the US markets wont give up the fight easy!
The target of this diagonal is around the 12.000. But expect support around the grean area. I will be closing most of my short position in several portions when it gets near the grean area. The first close will be (probably) at the opening today. I have been short above the 13.400 so i have already made a massive profit. Important not to get greedy and start taking profit.
Free Public Telegram https://t.me/botje11
I think the market is done! Crypto is more difficult to say, If manipulation would be less, i would say it's also done. But one can never be sure. Short 90% chance it will drop