Always money for the bulls and bears - pigs get slaughtered
Hey Guys,
So with the Ger30 there is some need for correction. The 4hr had a bearish impulse from 13520 area all the way to where it is now 12760, the market is due for some correction. Impulse, correction/pullback, trade....market moves this way most times.
Also note Ger30 has a gap down from 12920- 12880 from Asian session Thursday night that has yet to fill. If you look at the history (recent) Ger30 always fills gaps within 2/3 days. Also note us30 had a gap as well that has already been filled. Ger30 market closes early on Friday. The gaps are getting smaller, previous gap was 100 units/1000pips, and before that 60units/600 pips. I think the decrease in gap pip count is also a thing to take note of. There is potentially more bear movement.
Risky Ss (before correction) - definitely look at minor structure for confirmation
SS Entry - 12700
TP - 12550
SL- 12750
GAP fill & correction bear entry
Entry - 12790
TP1 - 12900
Tp2 - 13000
Tp3 - 13150
SL - 12730
chart patterns, trendlines, highs & lows, back testing, support/resistance/structure, emas
So with the Ger30 there is some need for correction. The 4hr had a bearish impulse from 13520 area all the way to where it is now 12760, the market is due for some correction. Impulse, correction/pullback, trade....market moves this way most times.
Also note Ger30 has a gap down from 12920- 12880 from Asian session Thursday night that has yet to fill. If you look at the history (recent) Ger30 always fills gaps within 2/3 days. Also note us30 had a gap as well that has already been filled. Ger30 market closes early on Friday. The gaps are getting smaller, previous gap was 100 units/1000pips, and before that 60units/600 pips. I think the decrease in gap pip count is also a thing to take note of. There is potentially more bear movement.
Risky Ss (before correction) - definitely look at minor structure for confirmation
SS Entry - 12700
TP - 12550
SL- 12750
GAP fill & correction bear entry
Entry - 12790
TP1 - 12900
Tp2 - 13000
Tp3 - 13150
SL - 12730
chart patterns, trendlines, highs & lows, back testing, support/resistance/structure, emas
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.