Hi,
Last week US equity market indices fell hard and along with that world wide indices participated too. But comparatively DAX showed more resilience than US equity indices such as NASDAQ and SNP500. Now we can see that DAX is sitting at an M pattern. As the market conditions are not great at the moment for a bullish sentiment, we will have to wait and watch how the market opens this week. If this M pattern or an extended M pattern works, thus may be a good sign for US equity indices too as all of these are correlated.
No an advice as usual!
Be careful of the geopolitical situation though and manage the risk.
Follow for more. Please support this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
Last week US equity market indices fell hard and along with that world wide indices participated too. But comparatively DAX showed more resilience than US equity indices such as NASDAQ and SNP500. Now we can see that DAX is sitting at an M pattern. As the market conditions are not great at the moment for a bullish sentiment, we will have to wait and watch how the market opens this week. If this M pattern or an extended M pattern works, thus may be a good sign for US equity indices too as all of these are correlated.
No an advice as usual!
Be careful of the geopolitical situation though and manage the risk.
Follow for more. Please support this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
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🔵 Free Telegram Channel: t.me/VikinsaFx
🔴 Training: bit.ly/vikinsacorestrategyprogram
🟣 YouTube : youtube.com/vikinsa
🟡 Twitter: twitter.com/vikinsa
🔴 Reviews: bit.ly/VikinsaTrustPilotViews
🔴 Training: bit.ly/vikinsacorestrategyprogram
🟣 YouTube : youtube.com/vikinsa
🟡 Twitter: twitter.com/vikinsa
🔴 Reviews: bit.ly/VikinsaTrustPilotViews
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.