Hi,
If you look on the main course of mass media - they will not tell you the truth. They say that DAX is oversold and the pattern right now is bearish. RGR - pattern. Lot of people think that there will be a head with shoulders pattern. I suppose that is false - bias point of view.
I can only suppose that if euro is weak, dax is weak. Right now EURUSD is testing 1.07 - high low of the tunel and right now we have a moment of the bullish divergence on DXY - dollar is rising.
But it is only for a while.
I suppose that EURUSD did not end it bullish run and we will see another run to the 1.12 and then you will see that DAX will go up. There are lot of positive signs in economy of German that stock market will move up.
I suppose that we have first wave of Elliot pattern - DAX - point 14500 to 14000 points - first run stop. Second wave you got 14000 - 15400 points - then 15000 points is the support level. Middle of March 2023 there will be testing of this point. Right now there is a channel ahead of us. 15400 - 15000 - there will be testing field. Look on the structure of the patterns in from march 2021 - November 2021 - this is a big pattern that must be tested and must be moved up. It cannot go down because EURUSD is still on the down level - 1.07 it is very low. It is testing support. Then next move is 1.12. High level of EURUSD is 1.50 - 1.64. We need I suppose minimum 2 - 3 years to go there.
Give you time and do not try to catch a short CFD contracts. There will be lot of up side down and lot of play of big players to mislead lot of people.
There are many traders on internet that says - DAX is moving down - it is not a true.
I suppose that DAX will have new historical hills on the top and you will see like dax goes up. This index is still interesting and still like to move up and down.
The main point is that if you have a cycle of long waves. Right now we are in the beginning of the wave started in the September 2022. There is a planty of time. I suppose that first stop will be a round - August 2023 r. or maybe September 2023 r.
Look on the banks and STOXX Banks index - it is still moving up with some correction but banks are the main point in this game. No body tells this in mass media. Banks will have a very good results soon and they are still developing like french banks that looks for investments in Africa.
Look on Credit Agricol - France Bank. It is going very good or Italy UniCredit.
If you look on the main course of mass media - they will not tell you the truth. They say that DAX is oversold and the pattern right now is bearish. RGR - pattern. Lot of people think that there will be a head with shoulders pattern. I suppose that is false - bias point of view.
I can only suppose that if euro is weak, dax is weak. Right now EURUSD is testing 1.07 - high low of the tunel and right now we have a moment of the bullish divergence on DXY - dollar is rising.
But it is only for a while.
I suppose that EURUSD did not end it bullish run and we will see another run to the 1.12 and then you will see that DAX will go up. There are lot of positive signs in economy of German that stock market will move up.
I suppose that we have first wave of Elliot pattern - DAX - point 14500 to 14000 points - first run stop. Second wave you got 14000 - 15400 points - then 15000 points is the support level. Middle of March 2023 there will be testing of this point. Right now there is a channel ahead of us. 15400 - 15000 - there will be testing field. Look on the structure of the patterns in from march 2021 - November 2021 - this is a big pattern that must be tested and must be moved up. It cannot go down because EURUSD is still on the down level - 1.07 it is very low. It is testing support. Then next move is 1.12. High level of EURUSD is 1.50 - 1.64. We need I suppose minimum 2 - 3 years to go there.
Give you time and do not try to catch a short CFD contracts. There will be lot of up side down and lot of play of big players to mislead lot of people.
There are many traders on internet that says - DAX is moving down - it is not a true.
I suppose that DAX will have new historical hills on the top and you will see like dax goes up. This index is still interesting and still like to move up and down.
The main point is that if you have a cycle of long waves. Right now we are in the beginning of the wave started in the September 2022. There is a planty of time. I suppose that first stop will be a round - August 2023 r. or maybe September 2023 r.
Look on the banks and STOXX Banks index - it is still moving up with some correction but banks are the main point in this game. No body tells this in mass media. Banks will have a very good results soon and they are still developing like french banks that looks for investments in Africa.
Look on Credit Agricol - France Bank. It is going very good or Italy UniCredit.