GER30 is in an extremely bearish trend.
After a classic Head and Shoulders pattern formed, prices pushed down and broke the H&S neckline right away.
On 1 Feb, an expected pullback was completed and a very usual and huge amount of short orders were placed at 9837 after 15 mins of futures market opens, therefore I warned the traders to be cautious.
Option 1: Price go straight to 8400.
Option 2: Now -> 9300-9400 -> 9800-9900 -> 8400.
All "targets" for 10000+ or 10122 or 10400 in this correction can be treated as jokes.
Jimmy,
the full time trader,
Candle Sticks specialist,
Elliott Wave Counts specialist.
After a classic Head and Shoulders pattern formed, prices pushed down and broke the H&S neckline right away.
On 1 Feb, an expected pullback was completed and a very usual and huge amount of short orders were placed at 9837 after 15 mins of futures market opens, therefore I warned the traders to be cautious.
Option 1: Price go straight to 8400.
Option 2: Now -> 9300-9400 -> 9800-9900 -> 8400.
All "targets" for 10000+ or 10122 or 10400 in this correction can be treated as jokes.
Jimmy,
the full time trader,
Candle Sticks specialist,
Elliott Wave Counts specialist.
