Dax at an extremely sensitive Point? I say YES.

Hello my Friends, Traders and Interested,

a few of my past TAs according to the DJI and the Dax were not that perfect as I hoped, but markets have their own dynamics.

But, my bearish attitude is still in play. And actually I see the DAX and other big indices at an extremly important point. I have chosen the DÀX as example, because here two trendlines show the sensitive situation.
We are exactly at the top of the red ascending channel since Jan 2019 and at the top of the bigger descending channel since 2018.

I do expect a sharp fall from here.

But if the bulls should push it over the lines (red and black) at the end of the comming week, I think I should change my bearish view.

We will see,

as always no trading advice, just educational.

Trade safe and on your own risk.

A Like and a Follow makes me happy.

Yours Sascha

Comment:

Japan225 as well at an important point.

Comment:

And the DJI, as well critical point with possible triple top.?

Comment:

Hello my Friends,

today ( no DAX market), the DJI and SPX got rejected significant. Triple Top on DJI. I do now expect the predictd fall from here. Lets see what will happen.:

All the best, I will update this frequently.

Trade safe and on your own research,
As always, no trading advice.

Sascha

Comment:

Hello Friends, so DAX and other major idices started to fall.
The fall in DAX came a bit later than expected, but now its confirmed. Maybe we will see a small bounce to the black line, but in my opinion the downtrend will go on.

When we will break out of the red channel, than we might test the lower line of the black big channel.

All the best outside there, bye guys.

Sascha