Short
DE40 Sell a break setup.
GER40 - Intraday - We look to Sell a break of 15985 (stop at 16044)
Short term momentum is bearish.
We are trading at overbought extremes.
A higher correction is expected.
Bespoke support is located at 16000.
A break of 15985 is needed to confirm follow through negative momentum.
16300 has been pivotal.
Our profit targets will be 15818 and 15798
Resistance: 16100 / 16150 / 16200
Support: 16050 / 16000 / 15950
Short term momentum is bearish.
We are trading at overbought extremes.
A higher correction is expected.
Bespoke support is located at 16000.
A break of 15985 is needed to confirm follow through negative momentum.
16300 has been pivotal.
Our profit targets will be 15818 and 15798
Resistance: 16100 / 16150 / 16200
Support: 16050 / 16000 / 15950
Trade closed: stop reached
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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.