DE30 Sell the pivot.
Updated
GER30 - Intraday - We look to Sell at 15341 (stop at 15404)
We are trading at oversold extremes.
Pivot resistance is at 15375.
Preferred trade is to sell into rallies.
The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing.
Broken out of the channel formation to the downside.
Our profit targets will be 15151 and 15121
Resistance: 15350 / 15375 / 15400
Support: 15300 / 15250 / 15170
We are trading at oversold extremes.
Pivot resistance is at 15375.
Preferred trade is to sell into rallies.
The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing.
Broken out of the channel formation to the downside.
Our profit targets will be 15151 and 15121
Resistance: 15350 / 15375 / 15400
Support: 15300 / 15250 / 15170
Trade closed: stop reached
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