Updated

ger30

Wave b continuous forming.

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Trade closed: stop reached

We knew that is too risky to trade waves b.

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Two scenarios. One bearish, one boullish.

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Let's figure out the potential target. Its likely an ending diagonal triangle to develop in this particular movement. In this case , the probably target is (a)(b)=(c)(d) (12031).

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verry strong ressistance in 12277

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12277 is .618 of wave (a) and 1 of wave a and maybe this is enough to end wave iv.

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1 of wave i. Sorry for the typing.

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The art of maths.
12280 is .618 of wave {a} in {a}{b}{c} structure. So tree fibo reasons for short trade, a little bit more

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Old one and new one .....

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This new abc potential, will probably move our targets deeper in 11962 area or 11905 that is .382 of wave (3) (look below on weekly chart).
we mustn't forget that we expect an impulse five with ending diagonal triangle or something. In this case the potential target of 11905 or even 11809 looks very realistic. An otrer pattern that it is in development ,the flag, givs target 11983. We will see....

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This move warnings me.

Trade closed manually

If breakout 12210, all short positions should be closed.

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There is possibility that an ending diagonal triangle is in development.

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We have short signal, as it seems that we are in wave {iii} of 3. Manage your trades and trade carefully

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We expect an impulse five, like waves c behave to .

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This upper momentum don't convince us that the correction is over.

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This upper momentum don't convince us that the correction is over.(look below)

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It seems that bears are ready to deliver

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