GER40 has been strongly moving higher, and with some minor corrections in between. We broke up nicely above the ascending wedge, but think we may have seen the highs of it now. We are trading above regression channel as well, and this means we should see a sharp down move to test 21,168 again.
Strategy SELL current 23,000-23,350 and take profit near 21,350 for now.
Strategy SELL current 23,000-23,350 and take profit near 21,350 for now.
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.
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.