DAX: WEEKLY OVERVIEW! Look at his divergence!#Buychance?
Hey tradomaniacs,
quick a weekly overview of the DAX.
It all plays out as the S/H/S-Pattern pre-determined.
Technically we`ve seen a decent correction and sell-off below the 10.000, which has not been touched for more than 8 years.
The sell-pressure is more than obvious and clear. But can we recover?
Is that a trigger for panic? Or rather a chance to buy as cheap as never before?
NOONE KNOWS!
My first target is the 10.583 and should be the next decent support-level!
But what about the US-Markets, whose seems to be upbeat not willing to violate the previous lows of the year?
If we don`t head downwards the DAX could possibly get "support" by the Wallstreet.
During the last week we`ve seen alot of important news that could support the wallstreet this month!
1. OPEC finally agreed to reduce the discharge of oil by 1,4 mio barrel a day.
2. NFP-Data way worse than expected. A weak economy means no the FED could possibly abstain from its policy and decrease the amount of rate hikes, which would weaken the US-DOLLAR and push the economy (still liquidity) and
oil!
But there are still important things like the brexit, tradewar, italy and so on!
What will happen? Noone knows!
For now, I`m still bearish but I see the potential auf a change before we crash next year! :-)
-----------------------------------------------------------------------------------------------------------------
Leave a like and a comment - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
quick a weekly overview of the DAX.
It all plays out as the S/H/S-Pattern pre-determined.
Technically we`ve seen a decent correction and sell-off below the 10.000, which has not been touched for more than 8 years.
The sell-pressure is more than obvious and clear. But can we recover?
Is that a trigger for panic? Or rather a chance to buy as cheap as never before?
NOONE KNOWS!
My first target is the 10.583 and should be the next decent support-level!
But what about the US-Markets, whose seems to be upbeat not willing to violate the previous lows of the year?
If we don`t head downwards the DAX could possibly get "support" by the Wallstreet.
During the last week we`ve seen alot of important news that could support the wallstreet this month!
1. OPEC finally agreed to reduce the discharge of oil by 1,4 mio barrel a day.
2. NFP-Data way worse than expected. A weak economy means no the FED could possibly abstain from its policy and decrease the amount of rate hikes, which would weaken the US-DOLLAR and push the economy (still liquidity) and
oil!
But there are still important things like the brexit, tradewar, italy and so on!
What will happen? Noone knows!
For now, I`m still bearish but I see the potential auf a change before we crash next year! :-)
-----------------------------------------------------------------------------------------------------------------
Leave a like and a comment - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
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