This week ends with the GER30 market under the resistance area(13250.00) continuing on its downside momentum. The market is on its way to forming a complete bullish bat set-up hinting on the reversal that is going to happen in the coming weeks above te resistance area(12450.00).
GER30 was under immense pressure to the downside for the past week and a half , now the market seems to have settled above the resistance area(13250.00). IF the market breaks below this area of resistance , it will be a signal to take a sell position as the market will likely continue to the downside .
Ger30 was under immense pressure to the downside for the past week and a half , at moment the market seems to have settled above the resistance level(13250.00). If the market breaks below this area of resistance , this will be a signal to take a sell position as the market will likely continue to the downside.
