Ger30| Bearish forecast with head and shoulders pattern!
Ger30| The market made a fake breakout out of the falling channel resistance. Instead of price continuing higher, it reversed back with no signs of bullish continuation. What we can see currently is a typical head shoulders pattern on lower timeframe, suggesting that price might reverse to the downside. I will be looking for bearish signs for short positions with target to the recent low around 13488.00.
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