DAX - GERMAN EXCHANGE -
Added 2024-11-05 16:03:59 +0000 UTCIn terms of market valuations, the German Exchange is not considered overvalued right now when compared to the US, it is more in line with the Chinese market in terms of value.
However, its chart has 5 distinct waves now since the start of the dot.com crash in 2000-2001
We can also very clearly see the effects of the '08 and Covid Crash in 2020.
Price is just at the 1 Fib now which would be standard for Wave 5 to complete at.....but if this extends like the US market (in terms of technicals) it could quite easily run to 22,077 or higher at 24,858
Comments
Technically yes, fundamentally we are doomed 💀
Lars Henning
2024-11-05 16:21:03 +0000 UTC
