Expecting Bearish Strength on DE30EUR
The current Price Action on the HTF indicates HTF Double Tops, with a 2nd Top approaching in a Corrective manner, hence indicating an HTF Ascending Channel.
As we move down to the LTFs, price action indicates a possible Double Tops Formation, where we expecting to see the price correcting towards the previous swing point, hence creating Double Tops with the 2nd top in an Ascending Channel manner. Therefore before we can lok for entries we'd like to first see the 1st Impulse follwed by a continuation correction.
As we move down to the LTFs, price action indicates a possible Double Tops Formation, where we expecting to see the price correcting towards the previous swing point, hence creating Double Tops with the 2nd top in an Ascending Channel manner. Therefore before we can lok for entries we'd like to first see the 1st Impulse follwed by a continuation correction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.