First of all, I am not a fan of the current stock market situation, and I agree that a larger correction is long overdue.
However, if I analyse the longterm chart of DAX, I see that the very long streak from 1982 to 1996 is similar in its fractal similarity to the streak from 2010 till now.
This is just a pure chart fractal analysis, and noting that long term rising wedges tend to be broken to the upside.
So, could it actually be that instead of a much needed longer correction, this crazy thing will climb even more? I hope not, but according to the charts it could very well be.
However, I am also prepared for a brutal correction, just in case.
However, if I analyse the longterm chart of DAX, I see that the very long streak from 1982 to 1996 is similar in its fractal similarity to the streak from 2010 till now.
This is just a pure chart fractal analysis, and noting that long term rising wedges tend to be broken to the upside.
So, could it actually be that instead of a much needed longer correction, this crazy thing will climb even more? I hope not, but according to the charts it could very well be.
However, I am also prepared for a brutal correction, just in case.
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