GER40: Head and Shoulders Pattern Signals Bearish MovementGER40: Head and Shoulders Pattern Signals Bearish Movement
GER40 has completed a head and shoulders pattern, indicating a potential bearish movement soon.
Yesterday, the price broke down from the neckline of the pattern, signaling a significant increase in bearish momentum.
If the price remains below the neckline in the coming days, the odds of a bearish movement will increase even more. GER40 could easily reach 18,700 and 18,300 after the prolonged bullish wave.
You may find more details in the chart!
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