DAX - Bullseye! Next Act: The Decline?Whenever the markets are booming, whenever a gardener starts giving stock recommendations, it’s time to brace yourself…
The German Dax has reached it's Centerline.
It's back in Balance - Or has reached it's extreme, depending on how you look at it.
Whenever this happens, we the Market
a) turns and trades in the opposite direction towards the next LIne. In this case the Lower-Medianline-Parallel.
or
b) trades through it, most of the time comes back to it, and continues in the origianl direction, which in this case would be up.
To me, this is the time to watch the DAX more closely. If you are a follower, you now that I have a Bias - which is not always helpful in my trading.
But yes, I tend to lean to the short side. Specially in these over hyped, over invested times.
So I stalk a short, but in the same time be open for a long after a confirmation on the daily time-frame.
Let's see, let's be patient and don't listen to your gardener... 🌱👨🌾 🌿👩🌾
