DAX next week

1 Feb 2020

Hello my Friends, Traders and Interested,

my last TA to DAX worked very well and I got a lot of very nice and positive reactions from you out there. THNX....

And I got a lot of questions, what will the markets do now.

I dont know, just can take a view on the charts, Indicators and the worldwide news. So I think, we will see a small pullback. Similar to my DOW TA.

Here in DAX we see on the 2 hr - timeframe a bullish hammer. Therefore, a small pullback might be realistic. But I do see max pullback to the upper line of the black channel. Or maybe just to the red lower line of a bigger ascending channel, as a retest.

Mid and long term, I do expect further downside.

So be careful and follow the news very accurate and realistic this weekend and the next days.

The development of Corona Virus is very sensitive and might impact the whole world economy very hard.

So my Friends outside, trade safe and on your own risk. As always, this TA ist just educational.

Have a nice weekend

Sascha

5 Feb 2020

Nota

Hey my Friends,

uhh, FED, Chinese central bank and Tesla bullshit kicked my TA.

So, I am out doing TA, until this government market pumping will stop . I have still big short positions, very red actually, but that does not make me nervous. The markets will crash. See the Baltic Index ( ship cargo Index) down to never seen lows. This Index was a perfect indicator in the past, to sign crashes.

All the best to ya all outside,

Sascha