DAX30 Intraday Setup.
Updated
GER30 - Intraday - We look to Sell a break of 13028 (stop at 13151)
We are trading at overbought extremes.
We have a Gap open at Monday from 12478 to 12668.
A higher correction is expected.
Rallies should be capped by yesterday's high.
We look for a temporary move lower.
Short term MACD has turned negative.
With signals for sentiment at overbought extremes, the rally could not be extended.
Price action has formed a bearish ending wedge formation.
Our profit targets will be 12669 and 12542
Resistance: 13200 / 13300 / 13450
Support: 13090 / 12950 / 12700
We are trading at overbought extremes.
We have a Gap open at Monday from 12478 to 12668.
A higher correction is expected.
Rallies should be capped by yesterday's high.
We look for a temporary move lower.
Short term MACD has turned negative.
With signals for sentiment at overbought extremes, the rally could not be extended.
Price action has formed a bearish ending wedge formation.
Our profit targets will be 12669 and 12542
Resistance: 13200 / 13300 / 13450
Support: 13090 / 12950 / 12700
Trade closed manually
Closed in small profit.
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