DAX30 Possible Rallye
Since the major tanking allover the markets, today has been another +3 % marker.
From technical:
- strong underbought RSI on Daily
- candles performing price action with large wick candles indicating momentum loss
- approaching critical 8000-8700 support level
Even though, I am overall short, this are some interesting indicators for an upcoming rallye .
Why short?
Overall macro situation, in my opinion the corona dip is simply the beginning of a well-overcycled recession.
Okay, first published analysis. Dont bash me haha
From technical:
- strong underbought RSI on Daily
- candles performing price action with large wick candles indicating momentum loss
- approaching critical 8000-8700 support level
Even though, I am overall short, this are some interesting indicators for an upcoming rallye .
Why short?
Overall macro situation, in my opinion the corona dip is simply the beginning of a well-overcycled recession.
Okay, first published analysis. Dont bash me haha
Trading ditutup: target tercapai
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.