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
,777 will give you a macro update after.
🍀