This shows a huge rising wedge alongside what appears to be a full supercyclical wave count.
Alternative counts exist for this but the primary one of interest still puts the DAX on a Wave 4 endpont with the potential to be cut in half.
I'm sceptical of thse however because as you can see we have an enormous RSI divergence from the 2000-era boom to present along the whole length of my proposed Wave 5.
RSI divergence is a signature of W5 moves so that's why I picked this count because it seems to be most compatively with what's happening on the indicators.
This does have potential to go higher, but the wedge only seems to extend to 20,000 so even if you don't believe in the potential for a short here, there's only about 25% upside and actually less in real-terms.
That doesn't seem to justify the risk-reward at this point in the market because there is potential for a big risk-off move.
Alternative counts exist for this but the primary one of interest still puts the DAX on a Wave 4 endpont with the potential to be cut in half.
I'm sceptical of thse however because as you can see we have an enormous RSI divergence from the 2000-era boom to present along the whole length of my proposed Wave 5.
RSI divergence is a signature of W5 moves so that's why I picked this count because it seems to be most compatively with what's happening on the indicators.
This does have potential to go higher, but the wedge only seems to extend to 20,000 so even if you don't believe in the potential for a short here, there's only about 25% upside and actually less in real-terms.
That doesn't seem to justify the risk-reward at this point in the market because there is potential for a big risk-off move.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.