GER30 - Vision-
-Price action has formed an ABCD pattern on higher frames.
-RSI is showing a significant sentiment of an overbought market.
-Exhausted bullish momentum is visible near the resistance trend line as well on the MACD and other indicators.
-Bearish Flags / Triangles are movement continuation patterns.
-Consolidation is generally interpreted as market indecisiveness, which ends when the asset's price moves above or below the trading pattern. A consolidation pattern could be broken for several reasons, such as the release of materially important news or the triggering of a succession of limit orders.
-A break of the consolidation on low frames 2h/1h followed by a retest should be considered.
-Target : 14220
-Price action has formed an ABCD pattern on higher frames.
-RSI is showing a significant sentiment of an overbought market.
-Exhausted bullish momentum is visible near the resistance trend line as well on the MACD and other indicators.
-Bearish Flags / Triangles are movement continuation patterns.
-Consolidation is generally interpreted as market indecisiveness, which ends when the asset's price moves above or below the trading pattern. A consolidation pattern could be broken for several reasons, such as the release of materially important news or the triggering of a succession of limit orders.
-A break of the consolidation on low frames 2h/1h followed by a retest should be considered.
-Target : 14220