luismialcega

GER30 WAVE COUNT

FX:GER30   The 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!
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