Sirwin
Sirwin

The German index is less pumped than in the US


DAX30

The image shows a channel that can be seen when we jump to a higher time interval. We definitely have an uptrend, but that's nothing compared to the US indices that are literally being blown like a balloon. The president constantly supports the economy with various forms of financing, but this does not prevent the mad buying and increasing the value of American indices. The German Dax is not that crazy, and it seems that Europe including Germany is paying more attention to the foundations. It is hard to believe that the situation in the world is similar due to a pandemic, and yet in one country someone increases the value of everything on the stock exchange without any basis, and in another country one is conservative.

What do I expect from the German Dax? I expect a further increase, but if there is a signal for a short position on a low time frame, I will consider this option. Remember that it is the end of the month and yesterday you could see an increased volume, which was basically unjustified. I even fell for a reversal, counting on a large pyramid, but the market quickly verified my error ... In the case of a long position, it is even possible to reach the top line of the designated channel.

dax

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Biznes-Broker
Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.


Analysis of the financial markets
Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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