SimonJonsson
Short

DAX in USD has confirmed bear market has begun

511 4 4
DAX             is more interesting in USD value. This trend line can not be drawn in DAX             normally, but when looked at in USD value. We can draw this trend line that is now broken.

In my opinion, long term trend lines that last over several years and then break is the beginning of bear markets. These lines broke several months ago in S&P500             and Dow Industrials             , but the market just continued sideways after that.

It is quite interesting that when the DAX             line broke in USD value, the markets world wide crashed quickly.
Also, China (Hang Seng), also broke it's trend line almost at the same time as DAX             in USD.
Ok, but how about that the fundament is for rising DAX and rising stocks all around the world + world inflation ?
Sorry, I'll just tryst my fundamental analysis
Reply
Nice idea to look at the USD value!
I just tried to reproduce your chart. Doesn't look the same. Do not know why.
snapshot
Reply
Yes my chart is in logarithmic scale. Click on "log"-button in the bottom right of your chart to switch. Trend lines on longer time frames work much better in log scale.
+1 Reply
Solariz SimonJonsson
Works! Thank you very much for your kind assistance.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out