DE30 Sell the breakdown.
Updated
DE30 - Intraday - We look to Sell a break of 15697 (stop at 15742)
Daily signals for sentiment are at overbought extremes.
Yesterday's price action moved through the resistance at 15800 but has so far failed to probe much higher.
Posted a bearish Flag formation.
A break of 15700 is needed to confirm the outlook.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Our profit targets will be 15568 and 15548
Resistance: 15800 / 15815 / 15850
Support: 15750 / 15700 / 15650
Daily signals for sentiment are at overbought extremes.
Yesterday's price action moved through the resistance at 15800 but has so far failed to probe much higher.
Posted a bearish Flag formation.
A break of 15700 is needed to confirm the outlook.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Our profit targets will be 15568 and 15548
Resistance: 15800 / 15815 / 15850
Support: 15750 / 15700 / 15650
Trade active
Trade closed: target reached
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