DE30 Sell a Break setup.
Updated
GER30 - Intraday - We look to Sell a break of 13988 (stop at 14066)
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 14000 will confirm the bearish momentum.
Our profit targets will be 13706 and 13616
Resistance: 14100 / 14130 / 14200
Support: 14000 / 13900 / 13800
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 14000 will confirm the bearish momentum.
Our profit targets will be 13706 and 13616
Resistance: 14100 / 14130 / 14200
Support: 14000 / 13900 / 13800
Trade closed: stop reached
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