Another down day for the DAX? China will tell
Go to any financial media site and you can read that European equities were up on Monday. A look at the chart shows a very different picture. Although it is surprising that the DAX did not fell further, the bullish rejection and the inside pinbar clearly indicate that the bears haven't still given up.
The Shanghai Composite is currently hovering around +-0% for the day. Another down day could lead to a sell off in the DAX. However, it Shanghai holds, we expect range day and some higher moves - not a lot though.
The Shanghai Composite is currently hovering around +-0% for the day. Another down day could lead to a sell off in the DAX. However, it Shanghai holds, we expect range day and some higher moves - not a lot though.
I have been trading for 15 years!
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> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.