GER30 current structure has been labeled as a bearish sequence, unfolding under an Ending Diagonal, within a descending channel.
Minor 5 (red) would be expected to commence and possibly complete the current corrective Cycle Wave IV (green), reflecting the last piece within Intermediate (C) (orange), but also in Primary Y (purple).
50% Fibonacci Retracements of Cycle Wave III (green) could align with the 100% Fibonacci Extensions of Primary W & X (purple), as a possible end of the aggressive sell-off during the volatile period.
Minor 5 (red) would be expected to commence and possibly complete the current corrective Cycle Wave IV (green), reflecting the last piece within Intermediate (C) (orange), but also in Primary Y (purple).
50% Fibonacci Retracements of Cycle Wave III (green) could align with the 100% Fibonacci Extensions of Primary W & X (purple), as a possible end of the aggressive sell-off during the volatile period.
