I am staying bearish. Technicals might need a recalibration under current market conditions.
I do not see the Dax flying to the moon soon, especially when the ripple effect of supply chain management across the world becomes a bigger issue and might get some stops and holds on their output - export of the automotive sector.
Deutsche bank is not in the clear yet,...
We can see a clear sell option in Ger 30,why?
RSI on most time frames in hell.
Bad economy data from Germany an EU.
Open Interest rate May 2019 is at 11.500.
We see first spikes of panik buys.
-> We have US Index rise from 22% + since x-mas 2018.
This will explode :D first we correct :D
Clear D1 Ger30 sell opportunity.
We haven't yet solved Brexit :D
We buy long bad economy data :D
April Option Interest is in focus of 11.420 :D
RSI D1 clear overbought sign :D
What is here going on?
Algos doing crap again. This runs on steroids.
Don't get trappet.
Target: 1 11680
Target: 2 11450
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From this current chart which is one of the two counts I have currently (both extremely bearish), it looks like we can see huge down move in DAX.
Wave 2/B which moved up in 3 waves with Wave B (Circled) being a Running Triangle seems to have completed, but even it is still continuing the scenario for DAX (German Index) remains sideways to bearish and hence shorts...
I found this pattern when i was looking at chart and all the credentials for the patterns seems to be satisfying the rules. Just an idea, lets see whether its get validate or not. Comments are most welcomed if something wrong about the pattern
What comes aroud that goes around.
500 points without retrace in Ger30 are possile since the last 4 day, but they are not real.
RSI D1 is over 80% now.
Next targets 12.909 if last wave elliot finisched on D1
If this don´t work, long to 16.-48.000 :D