View On German Stock Index (6 MAR 2020)
It is just like a ping-pong ball that falls to the strong floor.
Once it hits the hard floor, we can expect a strong bounce and follow by the series of small bounces.
This is exactly what is happening right now.
I do not expect another strong bearish move like what we had last 2 weeks ago.
Instead, we shall see strong swings up/down and this is where you need to be careful. Big money can be made but big money can be lost too.
Once the wild swings get frizzled out, this is where the slow trend will emerge and it will last long.
In general, as long as 12,500 level is not broken up, it can go lower in medium (3-6) months' timeframe.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
It is just like a ping-pong ball that falls to the strong floor.
Once it hits the hard floor, we can expect a strong bounce and follow by the series of small bounces.
This is exactly what is happening right now.
I do not expect another strong bearish move like what we had last 2 weeks ago.
Instead, we shall see strong swings up/down and this is where you need to be careful. Big money can be made but big money can be lost too.
Once the wild swings get frizzled out, this is where the slow trend will emerge and it will last long.
In general, as long as 12,500 level is not broken up, it can go lower in medium (3-6) months' timeframe.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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Apparently, it is time for a decent rebound, and it can swing back to 9,500- 10,000 region.
Just keep in mind that, the overall trend is still considered as a BEAR trend.