The German Index bounced heavily after a little correction last weeks, toward the 13000 key level but managed to get back to the top and this level 13600 will be a crucial level to watch if we manage to close above it on a daily basis we will target new highs , Investors are betting on the fact that the Coronavirus spread will be limited and economy will bounce eventually after the end of it but they need to consider that centrals banks cannot print money forever or at least this wont work as before
So my strategy is to wait for a daily close above 13600 to buy heavily because markets proved that they can go up forever
The other scenario is a break of 13400 then we will short and target 13000 first target
So my strategy is to wait for a daily close above 13600 to buy heavily because markets proved that they can go up forever
The other scenario is a break of 13400 then we will short and target 13000 first target
