DAX is a tough guy, isn't he? But we'll get him cracked up soon
Updated
DAX is a tough guy, isn't he? But we'll get him cracked up, you better believe it.
Just a thought to share, not a trading advice.
Good luck!
Just a thought to share, not a trading advice.
Good luck!
Comment
Price break is happening exactly as predicted.I told you we would crack him up. And so it happens. You wonder how I knew that? Well, the thing is, if this wasn't for the Corona virus, it would've been about something else. But it would've happened anyway.
There are other market forces at work here. Virus is just an excuse to justify the overdue correction. Just a catalyst, if you will. Take care!
Comment
Okay, looks like the damn thing is still scraping the ceiling of the upper channel wall. But it'll eventually stop and then all of a sudden break down to 12200, won't it? We shall see...Comment
Like I said: Wow just look at this crash... The DAX has been going down so much (another -8.5% today alone!) that you have to ask yourself where it ends...If I were to take a guess I'd expect a dead cat bounce off 10600 up to 12300 then another fall. (But this is just a guess. Considering the rapid pace of the crash, anything is possible, be careful!)
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