The German 30 is in a clear downtrend, and we’re now seeing a possible setup for that trend to continue. Price has pulled back slightly, forming a rising wedge—a pattern that often leads to a further drop.
It's currently testing a resistance area near 23,682, where a short trade has been placed, with a stop just above and a target lower down near the next support zone. If the pattern plays out, we could see the downtrend continue in the coming sessions.
Trade Cautiously And Remember To Like And Subscribe For More A+ Setups.
It's currently testing a resistance area near 23,682, where a short trade has been placed, with a stop just above and a target lower down near the next support zone. If the pattern plays out, we could see the downtrend continue in the coming sessions.
Trade Cautiously And Remember To Like And Subscribe For More A+ Setups.
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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.