DAX INDEX: 3 REASONS TO PAY ATTENTION

17 במרץ 2020

DAX index is like a waterfall:
no pullback, no correction during the entire short rally.

though fundamentals are still depressing, here are the reasons why we should be focused on dax and expect a pullback soon:

first of all, the market is clearly oversold and sellers will soon start profit-taking,
secondly, the market is close to a key historical level and I truly believe that a lot of pending orders are placed there,
thirdly, I think there are a lot of folks out there sitting on piles of cash waiting to start buying, the underlined level gives a perfect opportunity to them.

be prepared and let's watch the lower timeframes for confirmation!

good luck!