In early april I drew this cup with handle pattern (or reverse HS with a minor left sholder).
I must confess I never thought it will be achieved even less put some money in long side due to the dangerous economic and social enviornment.
During this impressive rally everyone were so and so bearish (like me) that it worked like gasoline for the rally. A quite impressive number of bear traps in the way.
In Europe, the leader DAX, ordinarily underperforming US indexes climbed around 9% in 2 sessions this week (3 in futures market).
We all know that something huge is about to happen in markets but... will this continue to melt up?
I must confess I never thought it will be achieved even less put some money in long side due to the dangerous economic and social enviornment.
During this impressive rally everyone were so and so bearish (like me) that it worked like gasoline for the rally. A quite impressive number of bear traps in the way.
In Europe, the leader DAX, ordinarily underperforming US indexes climbed around 9% in 2 sessions this week (3 in futures market).
We all know that something huge is about to happen in markets but... will this continue to melt up?