Ok we are not supposed to make predictions but only reactions to trading right?
Well this time I am making a prediction.
Since the chop sideways box has been forming, a breakout is imminent.
Either it will break up and head to the initial target of 25,113.
Or it will breakdown and the market will have a correction.
Either way, the breakout will occur because Germany can't just stay in this range forever right?
So why the chop?
🌍 DAX strong abroad, weak at home
🐌 Earnings lag behind U.S. peers
🏛️ Bureaucracy & labor shortages drag
Let's hope for some optimistic news with DAX and that we do get a breakout and up to 25,113.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Well this time I am making a prediction.
Since the chop sideways box has been forming, a breakout is imminent.
Either it will break up and head to the initial target of 25,113.
Or it will breakdown and the market will have a correction.
Either way, the breakout will occur because Germany can't just stay in this range forever right?
So why the chop?
🌍 DAX strong abroad, weak at home
🐌 Earnings lag behind U.S. peers
🏛️ Bureaucracy & labor shortages drag
Let's hope for some optimistic news with DAX and that we do get a breakout and up to 25,113.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.