Given the rise of uncertainty in Europe and in the world(elections, rise of COVID cases and possible quarantine measures by European countries), we should see a DAX correction coming in the next few weeks.
Still, I believe that we will see a one last push to 12800 and maybe even 12935 at the start of the next week before we'll go down in the first few weeks of November.
The effects of a possible lockdown won't be as big as they were in March for the stock indexes, because nowadays, we know way more about the virus than back then, so that's why I'm going only for a 10% correction(11600 double bottom from June)
Good luck!
Still, I believe that we will see a one last push to 12800 and maybe even 12935 at the start of the next week before we'll go down in the first few weeks of November.
The effects of a possible lockdown won't be as big as they were in March for the stock indexes, because nowadays, we know way more about the virus than back then, so that's why I'm going only for a 10% correction(11600 double bottom from June)
Good luck!
Komentarz:
Seems like DAX didn't give any chance to the late bulls to send this to 12800, so I'm waiting for a decent bounce to short.
Komentarz:
11600 almost achieved, it fell like a rock, way faster than what I expected. Still, unless a lockdown is officially announced, we shouldn't fall below the June bottom too soon
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Earlier than expected, seems like the fear has taken over DAX way faster than I expected