special request from one of our members.
---
this is the german index,,,
i don't know much about germany,
but i reckon it's in a similar situation as our market:
>bears keep shorting,
>market maker keeps squeezing.
>the more the bears add,
>the higher the index goes.
>index can't drop until the bears do.
---
what i'm depicting in the above chart is called a sharp double zig-zag.
to validate wave X of the double z, one could look at the 12H rsi and notice the depth of it.
---
i estimate this move finishes at
17,777
will give you a macro update after.
🍀
---
this is the german index,,,
i don't know much about germany,
but i reckon it's in a similar situation as our market:
>bears keep shorting,
>market maker keeps squeezing.
>the more the bears add,
>the higher the index goes.
>index can't drop until the bears do.
---
what i'm depicting in the above chart is called a sharp double zig-zag.
to validate wave X of the double z, one could look at the 12H rsi and notice the depth of it.
---
i estimate this move finishes at
17,777will give you a macro update after.
🍀
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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.
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.