DE30 Intraday Setup.
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GER30 - Intraday - We look to Sell a break of 11378 (stop at 11472)
Prices are extending lower from the bearish flag/pennant formation.
We can see no technical reason for a change of trend.
Our outlook is bearish.
Trades at the lowest level in 21 weeks.
We look for losses to be extended today.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 11113 and 11015
Resistance: 11700 / 11950 / 12050
Support: 11500 / 11400 / 11100
Prices are extending lower from the bearish flag/pennant formation.
We can see no technical reason for a change of trend.
Our outlook is bearish.
Trades at the lowest level in 21 weeks.
We look for losses to be extended today.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 11113 and 11015
Resistance: 11700 / 11950 / 12050
Support: 11500 / 11400 / 11100
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