The count suggested on the previous analysis have just been invalidated this morning, forcing me to update my elliot count on the german index.
It appears that we already have done our 5th bear wave on a truncated way (as we didn't expend beyond wave 3).
We would now completing the first retracement impulse and would then have found our A point.
Should then retrace back to find B before having another bull impulse to search C. Which wiill be the short point for a second bear impulse of 5 waves.
Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
It appears that we already have done our 5th bear wave on a truncated way (as we didn't expend beyond wave 3).
We would now completing the first retracement impulse and would then have found our A point.
Should then retrace back to find B before having another bull impulse to search C. Which wiill be the short point for a second bear impulse of 5 waves.
Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Komen:
Possible alteranative could be this scenario :
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// Website : pro-indicators.com
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// Twitter (FR) : twitter.com/Phil_RX
// Telegram (ENG) : t.me/pro_indicators
// Website : pro-indicators.com
// Discord : discord.gg/Agdf5rt
// Twitter (FR) : twitter.com/Phil_RX
// Telegram (ENG) : t.me/pro_indicators