DAX: Flashing a clear warning to everybody!
Some saw it, some missed it - and some don't want to see it.
It's still there: The Death Cross.
It is not common for a death cross to appear on daily time frames of indices. When it happens due caution is needed.
No predictions here. The probability at this time is greater for the south. How far south? The markets will tell us. The markets have not spoken to me.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
It's still there: The Death Cross.
It is not common for a death cross to appear on daily time frames of indices. When it happens due caution is needed.
No predictions here. The probability at this time is greater for the south. How far south? The markets will tell us. The markets have not spoken to me.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
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