Corona death analyses in GermanyWelcome to my Corona Death Analysis
*Note because the chart was inserted as an image, the scaling may have shifted slightly, simply scale at the right edge until the orange zero matches the zero line of the chart.
First of all, I know Corona is a delicate subject and also that I analyze the deaths here seems to work a macabre, but the fact is that the numbers are rising and this can have an impact on the German economy, this analysis serves as a complement to my DAX short analysis and is purely scientific nature.
The Dax analysis can be found here (German Only)
Let's get to the analysis:
As we can see from the chart, deaths increased rapidly between January and February, reaching a high of ca 1138.
In February, a bearish SKS formed at the high which had also already reached its target of 371 deaths.
This target line is very often reached again after the Unterstreiten in later upward movements or correction phases and serves us thus as a first "target line"
Furthermore, we can take from the chart an ABC Correct which has the following death numbers as a target.
Target 1 435
Target 2 705
Target 3 900
Target 4 1451
Target 5 1846
Here the death number of 900 is to be seen as the first strong resistance.
At 1451 I expect the end of the rising numbers for the first time, whereas 1846 deaths would be the maximum and at the latest here a trend reversal should take place.
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Thanks a lot
Disclaimer:
Please keep in mind that this is a pure analysis and only reflects what my eye shows me ;)
This analysis is for informational purposes only and is scientific in nature.
This analysis is not based on any fundamental data!
This analysis is not an investment advice and should not be considered as a buy, sell or hold signal.
Always do your own research before investing and seek the advice of a qualified person.
I am not an investment advisor or similar and do not make any investment recommendation here.
