DEVONTE

GER30 15MIN BULLISH CYCLE

Long
OANDA:DE30EUR   Germany 30
ON THE 15MIN TIMEFRAME WERE CURRENTLY IN LEVEL TWO CONSOLIDATION. MEANING WE STILL HAVE ONE PUSH INTO LEVEL THREE CONSOLIDATION TO START THE 15MIN BEARISH CYCLE. THAT PUSH INTO LEVEL 3 USUALLY GIVES YOU THREE IMPLUSES WHICH IS DISPLAYED ON MY CHART. IT CAN BE VARIATIONS ON THE THEME BUT THAT'S WHAT USUALLY HAPPENS. THEN IN LEVEL THREE YOU WILL GET CHOPPY MOVEMENT AND A HEAD&SHOULDERS PATTERN OR DOUBLE TOP SHOULD PRESENT IT SELF TO CONFIRM THE LEVEL.
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.