The DAX index recently broke above a long-term resistance over the last 25 years.
This breakout might be a **fakeout**, meaning it could reverse soon.
**No strong macroeconomic reasons** seem to support this breakout.
Long-term channels are usually hard to break without solid fundamentals.
Market rallies like this often **retrace back into the channel**.
Watch for a possible **reversal or consolidation** in the near term.
What are your thoughts on this? Do you think this breakout is sustainable?
This breakout might be a **fakeout**, meaning it could reverse soon.
**No strong macroeconomic reasons** seem to support this breakout.
Long-term channels are usually hard to break without solid fundamentals.
Market rallies like this often **retrace back into the channel**.
Watch for a possible **reversal or consolidation** in the near term.
What are your thoughts on this? Do you think this breakout is sustainable?
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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.
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.