Short
GER30 All In on sells
Price coming from upper part of the pattern, a drop to the downside expected (already broke out of the small channel impulsively, confirming the downside notion). GER30 was still trapping the buyers hence that spike up on the recent movement, with price quickly coming back into the bearish channel, however the drop now seems probable.
Tip: At the end of a trend (i.e. at market top/bottom), you'll usually notice a quick sharp price rally or dip in price before price quickly reverses to the downside (signalling the end of an uptrend) or upside (signalling an end of a downtrend)
Tip: At the end of a trend (i.e. at market top/bottom), you'll usually notice a quick sharp price rally or dip in price before price quickly reverses to the downside (signalling the end of an uptrend) or upside (signalling an end of a downtrend)
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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.