DE30 Sell a Break setup.
Updated
GER30 - Intraday - We look to Sell a break of 13887 (stop at 13975)
Daily signals for sentiment are at overbought extremes.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
A higher correction is expected.
A move through 13900 will confirm the bearish momentum.
A bearish Head and Shoulders has formed.
Our profit targets will be 13628 and 13518
Resistance: 14030 / 14130 / 14200
Support: 13900 / 13800 / 13670
Daily signals for sentiment are at overbought extremes.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
A higher correction is expected.
A move through 13900 will confirm the bearish momentum.
A bearish Head and Shoulders has formed.
Our profit targets will be 13628 and 13518
Resistance: 14030 / 14130 / 14200
Support: 13900 / 13800 / 13670
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