DE30 Sell a Break setup.
Updated
GER30 - Intraday - We look to Sell a break of 15198 (stop at 15246)
Price action resulted in a new all-time high at 15540.
Rallies should be capped by yesterday's high.
Prices spiked higher and stalled at resistance in early trade.
Further selling pressure led to a reversal in price action.
The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing.
The bias is to break to the downside.
Expect trading to remain mixed and volatile.
Our profit targets will be 15064 and 15034
Resistance: 15300 / 15350 / 15420
Support: 15200 / 15130 / 15050
Price action resulted in a new all-time high at 15540.
Rallies should be capped by yesterday's high.
Prices spiked higher and stalled at resistance in early trade.
Further selling pressure led to a reversal in price action.
The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing.
The bias is to break to the downside.
Expect trading to remain mixed and volatile.
Our profit targets will be 15064 and 15034
Resistance: 15300 / 15350 / 15420
Support: 15200 / 15130 / 15050
Trade closed: target reached
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