GER30 will it break or retrace?!
We're at an interesting point in the history of GER30 since we're only about 200 points away from breaking ATH, with that being said i would recommend you play your positions small and smart.
Currently: in a bullish wedge on the 15 min TF
On the 4 hour TF we can see GER30 potentially forming a bullish channel, slowly inching closer and closer to the upper trend line. It's also oversold on the RSI on all time frames ranging from 15 min - 4 HR. With that being said I'm looking forward to the possibility of a bearish retraction when it hits the upper trend line (15999.50 area). if it breaks the trendline then we should be looking for a bearish re-test around 36500.00.
WISH YOU ALL A PROFITABLE DAY!
Currently: in a bullish wedge on the 15 min TF
On the 4 hour TF we can see GER30 potentially forming a bullish channel, slowly inching closer and closer to the upper trend line. It's also oversold on the RSI on all time frames ranging from 15 min - 4 HR. With that being said I'm looking forward to the possibility of a bearish retraction when it hits the upper trend line (15999.50 area). if it breaks the trendline then we should be looking for a bearish re-test around 36500.00.
WISH YOU ALL A PROFITABLE DAY!
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