GER40 swing sell idea(1:10-1:20RR)
GER40. 18500, which is our level of interest(Quarterly VWAP + 0.786 fib drawn from all time high) has been quite important level this year. GER40 has been bullish for 11 days straight. This indicates an overextended market, with the possibility of a Weekly Head& Shoulders pattern forming around 18500. This is a 10-20% move that should happen in a couple of weeks, counting the recent volatility in the markets all around. Will update next week.
Fractals Trading Community,
Mei
Fractals Trading Community,
Mei
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.