TradingView
Oerhortbegovad
Apr 17, 2021 6:52 PM

DAX (4H) Correction time 

XETR:DAX240
DAX IndexXETR

Description

⋅
Divergence in 4h, should top out at 550-590 for a correction (or worse).

A litle flat lined head and shoulders pattern may be in play as well.

Comment

⋅
DAX inverted also suggests a correction then a continuation towards 16000

Comment

⋅
Renko suggests 16300, while head and shoulder patterns are fairly cmon as well a bigger correction would have to be in place for this correction then.

Comment

⋅
US10Y / DAX, I mean call me crazy but it does have some correlation...
Fundamental AnalysisTechnical IndicatorsChart PatternsDAX IndexDivergence
Comments
CJS04
⋅
Your market needs a much bigger correction than you are showing just like the nik and dow and nasdaq
Oerhortbegovad
⋅
Yes, I 100% agree, especially efter these big melt ups we've seen past few months but market only wanna go one way this year and thats parabolic, but we all know what comes after its gone parabolic.
Oerhortbegovad
⋅
@Oerhortbegovad, Q1 Reports will really have to be something we've not seen before to count up for these melt ups.
More