DAX30 Possible Rallye
Since the major tanking allover the markets, today has been another +3 % marker.
From technical:
- strong underbought RSI on Daily
- candles performing price action with large wick candles indicating momentum loss
- approaching critical 8000-8700 support level
Even though, I am overall short, this are some interesting indicators for an upcoming rallye .
Why short?
Overall macro situation, in my opinion the corona dip is simply the beginning of a well-overcycled recession.
Okay, first published analysis. Dont bash me haha
From technical:
- strong underbought RSI on Daily
- candles performing price action with large wick candles indicating momentum loss
- approaching critical 8000-8700 support level
Even though, I am overall short, this are some interesting indicators for an upcoming rallye .
Why short?
Overall macro situation, in my opinion the corona dip is simply the beginning of a well-overcycled recession.
Okay, first published analysis. Dont bash me haha
Trade fermée: cible de profit atteinte
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.