DAX: Head and Shoulders on its way?
With all vaccine turbulences (how many doses can each country get, bureaucracy and so on) and covid19 cases going up in Germany (lockdown already updated until January 31), could we expect the formation of a H&S pattern by the end of next week? Also, Deutsche Bank is insanely overvalued at 9.530€.
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No H&S. DAX showing strength even though covid cases are dramatically increasing. Deutsche Bank has calmed a bit and may try to reach 10€ level again, which in my opinion will be 30% overvalued.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.