Hi friends,
Today I would like to pay your attention to the Dax, the German main index. I think it is coming to the very end of the current up move, I think it is FAKE up move and that the index chart is bluffing and within short time (several weeks MAX) the index will create its top and CRASH down.
Let me try to explain why.
Here is the weekly chart (Click to enlarge):
As you can see, an amazing weekly divergence is developing. That’s the main reason that I claim that it is NOT a question of IF the DAX will move down strong soon, but question of TIME!
And that’s what we have on the daily chart (Click to enlarge):
As you can see, we have amazing B2B move on daily chart, RSI toping and MACD begin to stop while Stochastic already creates the bearish divergence.
Another proof, the down move, is not an option but a manner of time ONLY!
So what do I suggest? Start selling. If it pushes higher, hold it and sell again with the next weekly divergence levels. Or in other words – Trade it with investor’s style, safety and relaxed, for long run.
Euro zone is struggling; Germany growth will be reduced… There is not momentum up…
So it’s time to get ready and go to trade forex and indices as the bluff is about to explode.
IF you want to understand and learn ALL my techniques and trading styles, what I do, when and how, I invite you to own my home study course that will build your trading and build your confidence.
I wish you a wonderful weekend
Yours,
Vladimir Ribakov
http://www.divergenceuniversity.com/
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View Comments
It could still push, I was talking for long term, not for a tern of a week or two :)
The rise up is a bluff, and when time comes, we all will see that
Hi Teddy
As I said, it might push higher of course, that's why I suggested in the weekly review to trade it as investor's style as the up move is very slow, volumess and looks fake. Of course it could keep it going before making the cycle I am talking about, that's the idea of cycle trading :)
Vlad
I think that trade the index with SL is wrong my friend
Hi Eurosceptic :)
I like the nickname
That's why I say should start the attack and don't hesitate to sell more it pushes few more % up :)
No need
Dax is one of the most importnat indices there... It tells the story
Thanks for that :)