I assume that the German Market Index is in a corrective Wave 4 which plays out as abcde triangle (take a look at the big picture analysis). Medium Term
goal is the price area 11000-10800. The move down should come in 3 Waves now I see 2 possibilities, either the B wave is already finished and we are in the C down already or we hold around 11600 and need another pull up to the 12000 area before we start the C wave.
Take a look at inside my Facebook Community:
facebook.com/groups/257554274956458/
goal is the price area 11000-10800. The move down should come in 3 Waves now I see 2 possibilities, either the B wave is already finished and we are in the C down already or we hold around 11600 and need another pull up to the 12000 area before we start the C wave.
Take a look at inside my Facebook Community:
facebook.com/groups/257554274956458/
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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.