decmcl

GER30 Short

Short
OANDA:DE30EUR   Germany 30
Price is consolidating right now and i believe the consolidation is about to come to an end. Price is stuck on a S/R area and looks like its about to make a move to the downside. The boxes are consolidation boxes and the smaller green box is a consolidation area but on a smaller time frame. Price has moved to the bottom half so it should keep moving. I've placed a sell stop here so price doesn't start moving the opposite direction. Hoping for price to move back to the trend line before moving upwards. Price is also below the 50EMA.
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.