Karltrado

Karltrado

Profit taking right before Xmas and creating a cup and handle to start again from March...targeting 27K.

Karltrado

MACD is about to cross downwards, RSI is overbought and the level of MACD is about the same like in 2000 crash. The ascent of NASDAQ and many other indices is pretty steep. Looks like the perfect storm is knocking on our door.

Karltrado

We can see two higher lows so far. Something we didn't see for a long time and which might be a sign for the bottom of bear market. The only thing which alarms me not to be bullish is the massive sell-off the last days.

Karltrado

Looks like DAX is going to have a bigger correction. A double top is visible and there is a chance of breaking down a H&S formation. RSI is showing space for more selling in weekly chart. The logarithmic uptrend from February 2009 was also broken to the downside. Support areas from my point of view are 9800 and 8000. It's my first chart. I am grateful for...