luismialcega

GER30 WAVE COUNT

FX:GER30   DAX Index
AS YOU CAN SEE I JUST COUNT WAVES.
I FIGURE OUT THAT PRICE IS MAKING A 5TH WAVE AND THIS WAVE HAVE AN 5 WAVES STRUCTURE TOO.
NOW PRICE IS MAKING THE 4TH WAVE OF THE 5 WAVE SEQUENCE THAT IS INTO THE BIG 5TH WAVE.

THIS 4TH WAVE IT SEEMS TO BE AN ABCDE PATTERN. SO I WILL BE LOOKING FOR THE BREAK OUT TO GO LONG. MAYBE IN LOWER TIME FRAME.

WHAT DO YOU THINK ABOUT IT? AM I RIGHT?
I think and I hope you're right, but as it looks, the bottom of the last flag was around 10650 and it passed the flag (or the ABCDE pattern), so I think we'll continue in long position 'till the top (point 5).
Good luck!
Reply
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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