DE30 Sell a Break setup.
Updated
GER30 - Intraday - We look to Sell a break of 11428 (stop at 11521)
Posted a bearish Flag formation.
A break of 11450 is needed to confirm the outlook.
This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside.
Our outlook is bearish.
Trades at the lowest level in 18 weeks.
We look for losses to be extended today.
Trend line resistance is located at 11640.
We can see no technical reason for a change of trend.
Our profit targets will be 11151 and 11081
Resistance: 11700 / 11800 / 11950
Support: 11550 / 11450 / 11300
Posted a bearish Flag formation.
A break of 11450 is needed to confirm the outlook.
This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside.
Our outlook is bearish.
Trades at the lowest level in 18 weeks.
We look for losses to be extended today.
Trend line resistance is located at 11640.
We can see no technical reason for a change of trend.
Our profit targets will be 11151 and 11081
Resistance: 11700 / 11800 / 11950
Support: 11550 / 11450 / 11300
Order cancelled
Trade wasn't filled intraday and has expired
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