DAX COLLAPSE POSSIBLE: Does history repeat itself?
This is an analysis of trend formation.
The DAX (Ger30) appears to be in a precarious position. Several features are shown on the charts.
No one knows what the future will bring. Some may have ideas but no one can know the future. Sound traders take positions with an acceptable, affordable loss.
Looking back to 25th February 2020, no one knew with near certainty that the DAX would fall further from around 12600. Then it happened. This does not mean that in the current situation, I'm saying that the DAX will fall in the same way from 11600. It's a strange coincidence though that '600' appears in the numbers. Please do not attach significance to that.
Some have been disappointed that I do not do predictions. I've explained my position on predictions before. Trend following requires no predictions. Why? Because one is just following the markets rather blindly! I've also explained how my unique methodology works in other posts.
On a related note you can see that one thing the markets are deathly afraid of is the effects of COVID-19. Well, around now the world is facing second and third waves of the virus heading at speed for Winter in the Northern hemisphere.
I have evidence for both second and third waves. Due to house rules this is not posted here.
Disclaimers: This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. 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.
The DAX (Ger30) appears to be in a precarious position. Several features are shown on the charts.
No one knows what the future will bring. Some may have ideas but no one can know the future. Sound traders take positions with an acceptable, affordable loss.
Looking back to 25th February 2020, no one knew with near certainty that the DAX would fall further from around 12600. Then it happened. This does not mean that in the current situation, I'm saying that the DAX will fall in the same way from 11600. It's a strange coincidence though that '600' appears in the numbers. Please do not attach significance to that.
Some have been disappointed that I do not do predictions. I've explained my position on predictions before. Trend following requires no predictions. Why? Because one is just following the markets rather blindly! I've also explained how my unique methodology works in other posts.
On a related note you can see that one thing the markets are deathly afraid of is the effects of COVID-19. Well, around now the world is facing second and third waves of the virus heading at speed for Winter in the Northern hemisphere.
I have evidence for both second and third waves. Due to house rules this is not posted here.
Disclaimers: This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. 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.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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