DEU30 Potential Short
Price has pulled back to fill the gap and I am watching for a drop to test the lower trend line at 12 045. On the weekly chart, price has retraced past the .618 level in this bear flag and I anticipate either a bounce from the 12 045 level to retest the high around 12 650 and then a drop, or a break down through the channel at the 12 045 support to continue the down trend.
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.