I'm expecting the price to continue to bearish trend initiated. The pullback should be completed.
We can see that Liquidity was taken from several inducements and that the price reacted well on supply zone and broke the structure downside.
all these events give us good probability for the execution of this analysis.
The market is on uptrend, retraced into another Weekly Demand and price is reacting off of it. This level can be held if the last supply level which currently pushing price down, get removed, for nothing significant supply above anymore.
#DTE • Deutsche Telekom • XETRA LONG TF H4
TP = 21.35 , SL = 18.49
The trend continues, the nearest support level according to my calculations TP 21.35
HELLO freinds
this chart we shows that this market willknow a down trend on next days when i recommend selling with a fort probability
if you want more informations please see the chart
goodluck
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 16.25 EUR
Since Feb. 2000 German Telekom AG has been ongoing forming an long lasting A/B/C - correction in Grand Supercycle Wave II down. Nevertheless, this is the reason, why the German DAX will outperform. Because the Telekom shares are "...one of the biggest tanks in that asset class index..."
Until today there is no exhausting to see out of an internal trend channel....
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💡 DTE technically based idea, we can see price is BREAK zone, CHANNEL pattern breaked, technically indicators showing we can expect...
following up
analysis still valid and matches well with the 4h wave count
next stop could be around 19 (or more if the 5th wave is extended)
then waiting for correction to add around 38,2% fibo level (starting @ 12,586, ending @ next relevant high)
Entry: 16,06 EUR
Target: 18.00 EUR (+12%), 25.00 EUR also possible
Stop: 15.72 EUR
1.) Fibonacci Retracement may be used in combination with other conditions in a trading plan to qualify possible entries. In this particular example, price retraced back down to the 50% level. This alone would not be enough to enter a trade. When the retracement level, however,...
