As you can see we can identify an upgoing trend since the middle of March. The short rise in the Dax from march till now could indicate, that investors are gaining trust and optimism in the markets and especially in the steps which the government took to keep the situation under control.
There are two major resistances (yellow) which need to get tested to continue the trend. With the moving average in mind, we will have a pretty interesting development when the Dax is going to cross the moving average. A potential development could be a continuing growth until we get to test the second resistance(second yellow line).
The second potential scenario could be an upcoming negative trend when the first resistance gets tested negative, we will get a negative trend shown with the red line. The short rise paired withe followed negative trend could then be identified as a bear trap.
I suggest that we can identify and see one of these developments this development in the next two to three weeks.
Let me know what you think, I am happy to talk and discuss my ideas.
There are two major resistances (yellow) which need to get tested to continue the trend. With the moving average in mind, we will have a pretty interesting development when the Dax is going to cross the moving average. A potential development could be a continuing growth until we get to test the second resistance(second yellow line).
The second potential scenario could be an upcoming negative trend when the first resistance gets tested negative, we will get a negative trend shown with the red line. The short rise paired withe followed negative trend could then be identified as a bear trap.
I suggest that we can identify and see one of these developments this development in the next two to three weeks.
Let me know what you think, I am happy to talk and discuss my ideas.