First of all, I am not a fan of the current stock market situation, and I agree that a larger correction is long overdue.
However, if I analyse the longterm chart of DAX, I see that the very long streak from 1982 to 1996 is similar in its fractal similarity to the streak from 2010 till now.
This is just a pure chart fractal analysis, and noting that long term rising wedges tend to be broken to the upside.
So, could it actually be that instead of a much needed longer correction, this crazy thing will climb even more? I hope not, but according to the charts it could very well be.
However, I am also prepared for a brutal correction, just in case.
However, if I analyse the longterm chart of DAX, I see that the very long streak from 1982 to 1996 is similar in its fractal similarity to the streak from 2010 till now.
This is just a pure chart fractal analysis, and noting that long term rising wedges tend to be broken to the upside.
So, could it actually be that instead of a much needed longer correction, this crazy thing will climb even more? I hope not, but according to the charts it could very well be.
However, I am also prepared for a brutal correction, just in case.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.