GER30 Bearish 5.0 Pattern + Cypher
Ger30 again, the short term long I noted on an earlier post bounced as expected but would have resulted in a loss if the stop was below X,
Behaving as expected, the rally is now coming back up into the 5.0 pattern noted earlier which also coincides with a bearish Cypher patter around the same level...
I suspect 11920 is going to be a formidable resistance level with some form of reaction there to the downside
I still remain longer term bearish and am position short but this could offer a shorter term opportunity to the down side for swing traders
Don't trade other people plans... develop, test and verify a plan for yourself and then follow your OWN plan!!
Behaving as expected, the rally is now coming back up into the 5.0 pattern noted earlier which also coincides with a bearish Cypher patter around the same level...
I suspect 11920 is going to be a formidable resistance level with some form of reaction there to the downside
I still remain longer term bearish and am position short but this could offer a shorter term opportunity to the down side for swing traders
Don't trade other people plans... develop, test and verify a plan for yourself and then follow your OWN plan!!
