ridethepig | DAX favourable to sellers
Updated
đź“Ť A few more words about the possible creation of a waterfall in global equities.
There is a strategically interesting example of the exploitation of ECB and FED. The board is hanging by a thread, here German Equities are remarkably similar to that of someone who is having difficult paying their debts while having to bend the knee and convince the masses to be guarantors.
One indication of the weakness at the highs is the isolation of 'C' represented in the retrace. All in all, the price action is clearly congested and gridlocked at the highs, but it will become really weak in the endgame of a cycle.
Here buyers came back in after we cleared the initial targets. If they manage to stop the sellers by completely blockading the downside and turning the move into an impulsive nature, then they are only right to claim victory with a break of C which will then unlock '3' in a sequence... you get the point...
The choice between bids and offers is generally not a very difficult one to make with vaccine and elections (almost) cleared. Of course the short-term news will shift negative a the hanging stimulus is illusory. So we can actively sell the highs here; quite rightly aiming for support.
Thanks as usual for keeping the feedback coming đź‘Ť or đź‘Ž
There is a strategically interesting example of the exploitation of ECB and FED. The board is hanging by a thread, here German Equities are remarkably similar to that of someone who is having difficult paying their debts while having to bend the knee and convince the masses to be guarantors.
One indication of the weakness at the highs is the isolation of 'C' represented in the retrace. All in all, the price action is clearly congested and gridlocked at the highs, but it will become really weak in the endgame of a cycle.
Here buyers came back in after we cleared the initial targets. If they manage to stop the sellers by completely blockading the downside and turning the move into an impulsive nature, then they are only right to claim victory with a break of C which will then unlock '3' in a sequence... you get the point...
The choice between bids and offers is generally not a very difficult one to make with vaccine and elections (almost) cleared. Of course the short-term news will shift negative a the hanging stimulus is illusory. So we can actively sell the highs here; quite rightly aiming for support.
Thanks as usual for keeping the feedback coming đź‘Ť or đź‘Ž
Note
All eyes on the diagonal support today - a break unlocks the waterfall!Note
A quick update here sisapisNote
a quick chart update here as things become a lot clearer... 
Related publications
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.