ridethepig | DAX 2020 Macro MapAs those following the latest Macro charts in Euro will know, the philosophy of EUR finding a strong bid will constitute good criteria for the devaluation of German Equities and rule out any possibility of setting new all time highs. This is crunching time for the Fiscal side in Europe, if Germany start to use the fiscal side then the logical follow up is EUR long:
An ingenious swing move, which is extraordinarily difficult to trade without knowledge of the fundamentals in play. Bulls have all the time been operating in stealth mode, whereas bears starting to go overboard in a counter attack. Mother Nature is taking care of these errors, all at once. In most circumstances she would have turned a blind eye, although from time to time intervention is necessary with a gentle smile and turned cheek. The diagram in Bund Yields highlights the underlying issue:
The sacrifice of the 12886 lows in DAX creates freedom for the waterfall manoeuvre. Otherwise sacrifices on the topside (only via a sweep) are still possible. See for example the following flows in CAC:
The fact that this attack was able to clear the highs, shows the two different battlefields in play for Europe. The exchange of flows in Europe is particularly worth expressing via DAX shorts with 2020 outlooks all set and ready to go. In the long term, remember to consider the US Equities chart:
To secure the position; invalidation and reassessment only necessary with a break above the highs. To the downside, initial targets enter into play at 10,500 ... we will cover and update the flows live here.
As usual thanks for keeping the support coming with likes, comments, questions and etc! Feel free to jump into the conversation in the comments with your views/charts.
Deu30forecast
DAX Short 1 HR Chart since 8.11.2019 9.00 German Timehello to all watching my charts
Dax is now Short since 9.00 German Time
8.11.
Cause its traded below my red Line.
here to check in my favourite Chart Style RENKO
RENKO
Good trades.
if you want to support my work, please like them
My analyes here are all NOT a request to buy or sell
seomething. Allways do you own research.
Renkotrade
DAX DEU30 Short Decision Level has been brokenNow my Trendchannel system shows short
Decision Level BLACK has been broken
Now we are in Short Aerea.
Good trades
If you want to support my work , please be so kind and like them
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My posts are not and advice to buy or sell something
always do your own research
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Renkotrade
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Dax DEU30 Long Here are the Marks to Watch for tomorrowMajor Support (BLACK) 12900
Lower Level Support (BLUE) 12885
Major Resistance (RED) 12975
Good trades
If you want to support my work , please be so kind and like them
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My posts are not and advice to buy or sell something
always do your own research
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Renkotrade