DAX 8 year history lesson (on monthly candles)
DAX history lesson:
Only 3 times with 2 closing candles OUTSIDE the bollinger band. Firstly in 2001 after tech bubble. Secondly before financial crash 2007....Thirdly in late 2008 during crash.
TODAY we're looking at allready 2 candles closing ABOVE he upper bollinger band, and a third forming with only 6 trading days left of the montly candle. Bollinger top right now is at 11671. DAX is at 11939.
We should see a close within the bands, and a correction afterwards, to get the DAX back into the bands.
Only 3 times with 2 closing candles OUTSIDE the bollinger band. Firstly in 2001 after tech bubble. Secondly before financial crash 2007....Thirdly in late 2008 during crash.
TODAY we're looking at allready 2 candles closing ABOVE he upper bollinger band, and a third forming with only 6 trading days left of the montly candle. Bollinger top right now is at 11671. DAX is at 11939.
We should see a close within the bands, and a correction afterwards, to get the DAX back into the bands.
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