Ochlokrat

DAX will recover from losses

Long
CAPITALCOM:DE40   Germany 40
After the massive losses in the German benchmark index, there is a clear bullish divergence in the CumulativeDelta.
Similar divergences can be seen in other timeframes.
On the opposite side, no bearish divergences have manifested in the higher timeframes.
Therefore, we assume that the price losses are temporary and that prices will soon head towards the recent all-time high.
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.