scootaloo711

DAX(sep/oct-15): turning or burning?

INDEX:DEU40   DAX PERFORMANCE-INDEX
While every analyst was drawing one flag i drew a shorter one above it, but now i got back and elongated the first one. This gives some room for the crash but also looks very concerning. Another analyst mentioned the extended line i put below - the really long term trend is unbroken, however there is not alot of room for a turn around now. If we break 9200 we should be in a serious bear market, no year end rally. Otherwise my money is on the sidelines to buy the dip..

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.