We are in earnings week, with a massive list of companies reporting their financial figures. Markets expected be highly volatile. Some technicals may be pointless. It is also the last week of April.
Looking at DAX we see that it is currently in the 2nd consolidation channel since the lows, right below the 50% Fib level. A break to the upside is a buy signal to 11500 target.
Alternatively, we can sell on smaller time frames is a reverse pattern occurs.
With EU countries slowly expected to ease lockdown in May, markets want so positive sentiment.
Please support the idea and share your thoughts on DAX.
Good Luck and Stay Healthy!
Looking at DAX we see that it is currently in the 2nd consolidation channel since the lows, right below the 50% Fib level. A break to the upside is a buy signal to 11500 target.
Alternatively, we can sell on smaller time frames is a reverse pattern occurs.
With EU countries slowly expected to ease lockdown in May, markets want so positive sentiment.
Please support the idea and share your thoughts on DAX.
Good Luck and Stay Healthy!