German DAX 30: Which three humps will it be?
If you look at the past months, you can always see the three upward humps on the 3h chart of the DAX (look for the blue MA48 line on the chart): 1-3-5, 1-3-5, ...
Well, I wonder which three humps will be in the next few weeks?
If you look at the past months, you can always see the three upward humps on the 3h chart of the DAX (look for the blue MA48 line on the chart): 1-3-5, 1-3-5, ...
Well, I wonder which three humps will be in the next few weeks?
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The question is: 12250 - Will it close below this line? And if so why not?
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Imagine you are an institutional investor and of course you look at the XETRA DAX (core trading session in Frankfurt 9:00am-17:30pm with the most volumes). What does this chart tell us?
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The stupid buyers are always the same, they never change. Against all reason hope for a miracle. Infection and unemployment rates, none of that really matters. Just stick to the chart - you have to buy, there is still something to get, isn't there? Good luck!
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By the way, we might be watching the second hump unfold. If so, I am a bit surprised or even disappointed by the second B-C leg of the correction. It is probably too short. Well, let's see. The last word has not yet been spoken, has it?