Here is my analysis for GER30 on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for GER30 on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
if you follow my analysis for GER30, then you can compare the before and after. how elliot notation can help you to determine the areas that could be the beginning of a reversal. as of now, the biggest possibility is to enter a correction period. if you trade here, look for areas to continue short. as long as the price goes up and not higher than the invalid area...
when the price moves higher than the bullish area, then at this time an exten wave 5 could occur. if we pull the fibo extend from wave 3 then now it is 50% the length of wave 3, most likely the price will continue to move up to 1:1 with wave 3.
Hello traders, Ger30 has bounced up from the support of the falling channel. I now predict to rise to the resistance of the falling channel. For best buy opportunity, I will wait for further bullish continuation formation on lower timeframe. My target will be the resistance of the falling channel. Please do support this idea with likes if you find it helpful.