GER30 Sell a break setup.
Updated
GER30 - Intraday - We look to Sell a break of 14448 (stop at 14512)
Price action has formed an expanding wedge formation.
The trend of higher intraday lows has also been broken.
Trading within a Bearish Channel formation.
Trend line support is located at 14485.
20 4hour EMA is at 14486.
A break of bespoke support at 14470, and the move lower is already underway.
Our profit targets will be 14269 and 14206
Resistance: 14530 / 14580 / 14600
Support: 14470 / 14400 / 14330
Price action has formed an expanding wedge formation.
The trend of higher intraday lows has also been broken.
Trading within a Bearish Channel formation.
Trend line support is located at 14485.
20 4hour EMA is at 14486.
A break of bespoke support at 14470, and the move lower is already underway.
Our profit targets will be 14269 and 14206
Resistance: 14530 / 14580 / 14600
Support: 14470 / 14400 / 14330
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