DAX - GER30 - Monthly Sell signal - highs are in!
German Dax Index took a pretty big loss the last week and formed a monthly sell signal. Fear is currently in the markets, indices fall and JPY as a save haven is sought after.
Uncertaintly leads to profit taking and cash parking.
Technical side:
There is a daily level which needs to break to confirm the downside movement. Be patient and look for good entrys on smaller timeframe.
Uncertaintly leads to profit taking and cash parking.
Technical side:
- Price made a weak attempt to break the last high and made a fake breakout
- Daily & monthly sell Pinbar was formed
- Double top formation
- Stochastic crossed to the downside
- RSI divergence
There is a daily level which needs to break to confirm the downside movement. Be patient and look for good entrys on smaller timeframe.
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