Short
DE40 Sell a break setup.
GER40 - Intraday - We look to Sell a break of 15947 (stop at 15994)
Trades with a bearish descending triangle formation.
A break of yesterdays low would confirm bearish momentum.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of bespoke support at 15950, and the move lower is already underway.
Our profit targets will be 15822 and 15802
Resistance: 16000 / 16050 / 16100
Support: 15950 / 15900 / 15800
Trades with a bearish descending triangle formation.
A break of yesterdays low would confirm bearish momentum.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of bespoke support at 15950, and the move lower is already underway.
Our profit targets will be 15822 and 15802
Resistance: 16000 / 16050 / 16100
Support: 15950 / 15900 / 15800
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.