DE30EUR half wave correction. The exchange rate is currently in a double wave structure. The main trend is short. However, a second rising wave (BC) is likely to occur. This wave is expected from level 12296. The second wave rise target price is 12953. By reaching this level, I expect a more powerful downward movement. Which is the target price of up to 11,000 points.
The price of DE30EUR is for moving sideways. The exchange rate attempts to form a band between 13355-13120, slightly turning from the current wave axis. Our assumption is that it will start moving from this band with a "false downturn". Then he leans back on the lower lane axis. This wave movement will be flatter and far more volatile than the previous waves. The...
DER30EUR half wave rise. Our assumption is that the exchange rate will rise again from the adjustment level of 11933. We expect this rise to half a wave. If our assumption is correct, you can reach our 13570 target price level.
Poor DE30EUR. It's getting pretty rough. There are still big back corrections. It is therefore likely that two adjustment paths will be considered. The increase is still expected. The primary target price of 12400, or the crossing of that price with a target price of 12647 at which we close our long position.
Correction level long. We assume that the DE30EUR exchange rate reaches the correction level of 12151,0 with slow motion. From this level, it slowly but equally reaches the 12376 target, along the ATR axis. At this level, we close our long position.
We assume that the price of DE30EUR will rise. First, the assumption of correction level 12159 is assumed. Then we expected the wave motion to start. This wave movement could reach ou target price of 12389 from the support level. If the support level does not rise, but gap is visible, we close our long positition.
The ATR axes indicate a rising wedge format with a stronger support level. We assume that this level of support moves upwards from the exchange rate. First, at lower speed, but the last wave is moving faster, up to primary target price.
Looking like a Double combination Elliot pattern completing here.. we shall see. This structure breaking will confirms completion of a pattern.
This is also a very bearish and overbought environment currently...