DAX Index: Much more potential
A large reversal pattern (H&S shaped) has been completed with the recent break below ~12000 (cloud and internal trend line) and a full swing down trend is in progress. Focus is on 10150 (minor) and 9965 (first major projection). Below that 9475 and even 8465 come into play on a 12+ month horizon.
On the upside, prices should not rally above 12050 for the foreseeable future. Risk/reward remains excellent. We have full short-exposure (equities) divided equally between the DAX and AEX Amsterdam.
Near term trend: negative
Long term trend: negative
Outlook: huge long term reversal, negative
Strategy: hold-short / sell rallies
Support: 10150* / 9965* / 9475* / 8465*
Resistance: 12050 / 12335 / 12670
Outlook cancelled/neutralized above 12335
On the upside, prices should not rally above 12050 for the foreseeable future. Risk/reward remains excellent. We have full short-exposure (equities) divided equally between the DAX and AEX Amsterdam.
Near term trend: negative
Long term trend: negative
Outlook: huge long term reversal, negative
Strategy: hold-short / sell rallies
Support: 10150* / 9965* / 9475* / 8465*
Resistance: 12050 / 12335 / 12670
Outlook cancelled/neutralized above 12335
Note
Nearing 1st target....
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.