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Germany30

Daily Outside Bar just below the PRZ of a Gartley The German DAX continues to consolidate just below the PRZ of weekly bearish Gartley pattern. Today, after Draghi's ECB press conference, the German Index formed a daily Outside Bar that will be triggered if the price will decline below 10,600 For now, the Fast MA line (in yellow) continues to play its support role and drives the price higher every time it touches it. When it'll fail, it'll be the trigger for a pullback towards 10,000 again (with 10,350-10,400 as mid Target) to test the strong weekly support there.
FX:GER30Short
by themarketzone
GER30 - Daily OpportunityWe will be looking for a pullback to previous resistance to enter new short in GER30 (D) with stops placed above highlighted green area. Breakout of upward sloping trendline was not convincing. If resistance holds, we will also have a double top pattern completion upon the break of the red neckline. We will wait for price action to indicate that new highs are unlikely prior to trade entry, rather than simply placing a limit order (offer) in the orange area.
FX:GER30Short
by SanktuaryMAM