We have multiple indications for a bigger move to the downside!
Three Drives Pattern in combination with the powerful weekly pivot resistance point and the 50% Fib ratio, are enough indications for a short try!
We have a clear valitation of the trendline combined with massive RSI DIVERGENCE.
Furthermore we had a Bearish Three Drives Pattern in the past where we could make a nice profit.
This former pattern should give us still enough downforce for a new big move!
This is a very precise, bullish AB=CD Pattern! For execution let the Stochastics Indicator leave the oversould zone!
Be carefully and wait, if the market respects the Potential Reversal Zone (Blue Box) before you execute the trade!
Analysts of Professionalinvest expect another new BIG Downmove in the German Stock Index (DE30)!
The overhelming bearish "Three Drives Pattern" should be enough reason for another great winning move to the downside!