GER30: 13k as target for the fifth wave?

Hello Ladies and Gentlemen

I want to present you my newest idea for the upcomming movement at GER30 Index.

The first wave started with an Island GAP which got closed fastly. This Island GAP sent me the first bullish signal. After a long first wave (625 points) the market recovered to the 50% Fibo almost perfectly. This area is the same level where we had the first GAP-level from the Island GAP. Random? I dont think so.

After the recovery the market used the power from the 12190 support where probably a lot of new buyers came in who pushed the market to the 12450 level again. With beating the 12400 resistance we now have a strong support below.

Since the 3rd wave is always the strongest, longest and most attractive (for traders) wave i expect to see a target at around 12840. This would be the 161,8% extension. After this long move there should be the second and last recovery wave which could run to the 12600 support which is a strong support area . At this place buyers could find a new entry to trade the fifth and last wave at least.

The fifth wave is always the weakest wave thats caused by a possible end of the uptrend. Its the first signal for an upcomming big recovery. If its all running perfectly the fifth wave could find its end at the magic number: 13000!

This is for sure a perfect picture of a upcomming movement but its feasible. I am looking forward to the next weeks :)
Comment: Seems like the market retested the 12190 support line. This level should decide: long and gap close or short to 12047
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out