GER30Waiting for RSI Bearish Divergence;
With a validated double bottom at previous support by a broken neck, the price is facing some pressure at the middle of the ascending channel. Weekly resistance above, price reversal zone at 88%, the Bat is almost completed.
Targets:
The 38% retracement, and once there, close half position size and move Stops to breakeven.
The 618% retracement, it could forge the 2618 bullish trade setup.
Safe Trades;
Note
Test next pressure zone, 9770$...
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
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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.
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
Related publications
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.