📍 A few more words about the possible creation of a waterfall in global equities.
There is a strategically interesting example of the exploitation of ECB and FED. The board is hanging by a thread, here German Equities are remarkably similar to that of someone who is having difficult paying their debts while having to bend the knee and convince the masses to be guarantors.
One indication of the weakness at the highs is the isolation of 'C' represented in the retrace. All in all, the price action is clearly congested and gridlocked at the highs, but it will become really weak in the endgame of a cycle.
Here buyers came back in after we cleared the initial targets. If they manage to stop the sellers by completely blockading the downside and turning the move into an impulsive nature, then they are only right to claim victory with a break of C which will then unlock '3' in a sequence... you get the point...
The choice between bids and offers is generally not a very difficult one to make with vaccine and elections (almost) cleared. Of course the short-term news will shift negative a the hanging stimulus is illusory. So we can actively sell the highs here; quite rightly aiming for support.
Thanks as usual for keeping the feedback coming 👍 or 👎
评论
⋅
All eyes on the diagonal support today - a break unlocks the waterfall!
Somehow it didn't work well then, did it? However, your november analysis might come true in the coming week. Remember, there are also two gaps that need to be filled before going up (after) it goes for liquidity to the lower market structures.
sisapis
⋅
Many thanks, RTP!
sisapis
⋅
Hi! Any news about DAX? Seems like it doesn't care.
Trader_Dale
⋅
Very nice and detailed analysis, you also have a cool name I like that. Caught my eye overall.
Sellers would suit me nicely since I'm looking for some levels to go long from:
Hope you don't mind me sharing. If so, I'd appreciate your opinion. :D
Best,