DE40 Sell a break setup.
Updated
GER40 - Intraday - We look to Sell a break of 15985 (stop at 16044)
Short term momentum is bearish.
We are trading at overbought extremes.
A higher correction is expected.
Bespoke support is located at 16000.
A break of 15985 is needed to confirm follow through negative momentum.
16300 has been pivotal.
Our profit targets will be 15818 and 15798
Resistance: 16100 / 16150 / 16200
Support: 16050 / 16000 / 15950
Short term momentum is bearish.
We are trading at overbought extremes.
A higher correction is expected.
Bespoke support is located at 16000.
A break of 15985 is needed to confirm follow through negative momentum.
16300 has been pivotal.
Our profit targets will be 15818 and 15798
Resistance: 16100 / 16150 / 16200
Support: 16050 / 16000 / 15950
Trade closed: stop reached
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