DAX: DEATH CROSS - BEWARE
This is a death cross on the 4H time frame. It may not show on many higher time frames.
Some traders wait to see the death cross on the 1D time frame. By the time that develops, the market is ready to rebound.
I always stay 'under the hood' of the daily time frame, cuz that's where the action begins.
The 4H is my fav time frame to get an idea of what's happening, based only on my experience.
The DAX and other indices have basically followed Wall Street and the NASDAQ - they're all interconnected by undersea cables. Some $USD 10 trillion in financial transactions pass in those per day.
Anyways the markets have been so heavily pumped that I don't think the FED can save them now. This time around in contrast to 2020, it is so overheated it's now become silly.
Air money cannot support markets forever. Right now people are losing billions (collectively) as the markets head south.
Will they throw in the towel? Not soon enough.
If you're a trend follower the 2H or 4H ATR lines are nice ones to follow.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Some traders wait to see the death cross on the 1D time frame. By the time that develops, the market is ready to rebound.
I always stay 'under the hood' of the daily time frame, cuz that's where the action begins.
The 4H is my fav time frame to get an idea of what's happening, based only on my experience.
The DAX and other indices have basically followed Wall Street and the NASDAQ - they're all interconnected by undersea cables. Some $USD 10 trillion in financial transactions pass in those per day.
Anyways the markets have been so heavily pumped that I don't think the FED can save them now. This time around in contrast to 2020, it is so overheated it's now become silly.
Air money cannot support markets forever. Right now people are losing billions (collectively) as the markets head south.
Will they throw in the towel? Not soon enough.
If you're a trend follower the 2H or 4H ATR lines are nice ones to follow.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
