Dax: Possible Scenarios
Dax has run strong so far. I am expecting this run to continue for a longer period of time. But uncertainty hasn't entirely left the system yet. We are still facing corona or the brexit e.g. to just name some of it.
So there s a high probability for a short-term break of that run. There are different scenarios likely.
I. Dax is ending its run soon by breaking the current trend and starts a short but steep correction, before then continuing with a second motive wave
II. Dax is ending its run soon by breaking the current trend and takes a longer and deeper correction, before then continuing with a second motive wave
III. Dax keeps rallying by holding its current trend and breaks its current highs before then taking a strong and steep correction
We keep waiting for a clearer picture and a trigger to one side
So there s a high probability for a short-term break of that run. There are different scenarios likely.
I. Dax is ending its run soon by breaking the current trend and starts a short but steep correction, before then continuing with a second motive wave
II. Dax is ending its run soon by breaking the current trend and takes a longer and deeper correction, before then continuing with a second motive wave
III. Dax keeps rallying by holding its current trend and breaks its current highs before then taking a strong and steep correction
We keep waiting for a clearer picture and a trigger to one side
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