DAX daily analyses november 23 2016
Use the chart together with the text. They form a roadmap that will guide you through the market
I also added the actual "move" I'm expecting longterm, just to point out more clearely what the backbone means and how to read it. We had a very boring and dead market with "shoots" up and down lately without realy moving...So it might look like the same chart everyday. But that is unfortunately how the market is for now. We keep the direction at neutral, since this is a streched out top formation, but intraday we remain long on the lows ofcourse
I also added the actual "move" I'm expecting longterm, just to point out more clearely what the backbone means and how to read it. We had a very boring and dead market with "shoots" up and down lately without realy moving...So it might look like the same chart everyday. But that is unfortunately how the market is for now. We keep the direction at neutral, since this is a streched out top formation, but intraday we remain long on the lows ofcourse
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.