Short
DE30 Intraday Setup.
GER30 - Intraday - We look to Sell a break of 11378 (stop at 11472)
Prices are extending lower from the bearish flag/pennant formation.
We can see no technical reason for a change of trend.
Our outlook is bearish.
Trades at the lowest level in 21 weeks.
We look for losses to be extended today.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 11113 and 11015
Resistance: 11700 / 11950 / 12050
Support: 11500 / 11400 / 11100
Prices are extending lower from the bearish flag/pennant formation.
We can see no technical reason for a change of trend.
Our outlook is bearish.
Trades at the lowest level in 21 weeks.
We look for losses to be extended today.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 11113 and 11015
Resistance: 11700 / 11950 / 12050
Support: 11500 / 11400 / 11100
Order cancelled
Order wasn't filled.
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.
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.