DAX – I found another signal

The price 19.10. can be read in the DAX as a small reverse SKS. Up to now, the trail is dropping but since the lowest of 26.10. just high. Not really dynamic. Other European indices, such as CAC40 (France), Bel20 (Belgium) or AEX (Netherlands) have also formed small SKS inverse trays. However, more dynamic and in a more convincing structure. Sometimes you have to transform everything on the markets and look for signals. Perhaps the most beautiful reverse schemas of SKS among other Europeans indicate that, alas, with a little noise and even on the European stock market, a little higher is possible.

If the DAX exceeds 11,680 points at the end of the day, as dynamically as possible (which is unlikely), this triggers a buy signal (!) Low with the target 12,068 to 12,068 , the line of the multi-confirmed downtrend (red triggers) crosses since 15.06. The CAC40 must exceed 5,170 points to trigger a purchase signal targeting the target 5,330. Also a possible signal rather short term. Signals completed in the medium term are not available on the European stock market. I would like to talk about it, but we have to take what the signaling market emits from us.

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CAC 40 FranceDAX Germany

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(© BörseGo AG 2018 – Author: Harald Weygand, Head of Trading)