Germany 30 has been in consolidation on the hourly chart through yesterday.
You can see the asymmetrical consolidating triangle with a few features that indicate it could break and go short today.
1. The “lower highs” are occurring at a greater trend angle than the “higher lows”
2. The long candles testing the upper trend line have very small volume indicating the tests are not supported by buyers.
3. Wait for a break of the lower trend line and close outside before taking the short trade, supported by a good volume.
DISCLAIMER
I am a casual trader and not net profitable. Take my ideas with a grain of salt, I’m usually wrong.
You can see the asymmetrical consolidating triangle with a few features that indicate it could break and go short today.
1. The “lower highs” are occurring at a greater trend angle than the “higher lows”
2. The long candles testing the upper trend line have very small volume indicating the tests are not supported by buyers.
3. Wait for a break of the lower trend line and close outside before taking the short trade, supported by a good volume.
DISCLAIMER
I am a casual trader and not net profitable. Take my ideas with a grain of salt, I’m usually wrong.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.