RSI and WaveTrend: Prepare for the next GER30 wave

We might see some more sellings during the forthcoming Asian session. I would expect afterwards a retracement to 12,145 followed a drop of 60 - 80 points before we see some more gains. I would expect a 0.618 retracement i.e. 12.240. This is my TP1. Afterwards the pressure might increase due to 200 EMA 4H. So be prepared and have a SL in place after TP1 to secure the second position. I would try to reach 12,300 hence this is my TP2.

TP1: 12,240
TP2: 12,300

SL 3ATR 4H

This is just my personal opinion and not an advise.

Trade active

Trade closed: stop reached:

Next time (110) points.