Short
DAX30 Intraday Setup.
GER30 - Intraday - We look to Sell a break of 13028 (stop at 13151)
We are trading at overbought extremes.
We have a Gap open at Monday from 12478 to 12668.
A higher correction is expected.
Rallies should be capped by yesterday's high.
We look for a temporary move lower.
Short term MACD has turned negative.
With signals for sentiment at overbought extremes, the rally could not be extended.
Price action has formed a bearish ending wedge formation.
Our profit targets will be 12669 and 12542
Resistance: 13200 / 13300 / 13450
Support: 13090 / 12950 / 12700
We are trading at overbought extremes.
We have a Gap open at Monday from 12478 to 12668.
A higher correction is expected.
Rallies should be capped by yesterday's high.
We look for a temporary move lower.
Short term MACD has turned negative.
With signals for sentiment at overbought extremes, the rally could not be extended.
Price action has formed a bearish ending wedge formation.
Our profit targets will be 12669 and 12542
Resistance: 13200 / 13300 / 13450
Support: 13090 / 12950 / 12700
Trade closed manually
Closed in small profit.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.