$ger30 coming to important level at 11400
GER30 is creating a head and shoulder pattern in 4 hour chart. Also trendline going back to TRUMP election day is coming up around same level. Most likely we will see price consolidating between these two lines. Confirmed break either way will have big movement.
For now, my play is to either sell it on the red line with tight stop, or sell at the break of the blue line. Not interested to buy it even if it breaks the red line here because downside is more appealing then upside.
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.