ridethepig

ridethepig | DAX into the elections and beyond

Short
OANDA:DE30EUR   Germany 30
📍DAX gaining tempo

The previous 2020 macro map, outdated as it may be, contains the overarching manoeuvre which we can now describe as a compounding play.

It is as follows: my models started to pick up on the alarm bells towards the back-end of last year, and hinted of DAX making revisiting 10,000. The compounding is going to be of great importance, when we realise the 5th wave is still (yet) to complete.


By the time private clients began to call outguessing the Green / CDU coalition and 'Green New Deal' it was too late... and there now occurs two dominos: if DAX retests the lows in a panic move, and sellers force through a retest of the lows for a second time and then the new economic cycle can begin in 2021/2022.


Moreover, for those trading the single currency, we are going to get major updates here as we enter into 2021 and digital currencies come through the backdoor. This fact paves the way for perpetual bonds which are on the way to act as a trojan horse for government defaults is of utmost concern. The brutal bear market rally in the euro is not going to help german equities over the coming months, and the ECB knows it which is why they are signalling distress signals louder than usual.


Comment: A quick update here to the Dax chart while we wait for the first targets:

Trade closed: target reached: TP1 hit ✅
Comment: We are breaking down..

Comments

hello ridethepig, do you think we'll see 7950 roughly? December 2020?
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Hi, can you clarify what you mean when u say those trading the single currency?
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ridethepig Sharecrazy
The euro @Sharecrazy
+1 Reply
Sharecrazy ridethepig
@ridethepig, I thought so ,but just wasnt 100% thankyou for answer and charts
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ridethepig Sharecrazy
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