- German economy is not in a perfect condition, but markets may neglect the fact (as usually)
- Price is contracting, filling the downward wedge (gray lines). The lines cross exactly on the level of FR 0.381 (14'702)
- Now, the price is completing the ABC 1:1 correction pattern (at 14975) which seems to be respected.
- If ABS is broken down, the next very important support will be the earlier mentioned FR 0.382, where the BAT pattern D-Point sits as well.
- Price is contracting, filling the downward wedge (gray lines). The lines cross exactly on the level of FR 0.381 (14'702)
- Now, the price is completing the ABC 1:1 correction pattern (at 14975) which seems to be respected.
- If ABS is broken down, the next very important support will be the earlier mentioned FR 0.382, where the BAT pattern D-Point sits as well.