GER40 /German 40 Index - Near To a Strong Resistance Zone
GER40 /German 40 Index - Near To a Strong Resistance Zone
Ger40 is testing a strong monthly zone increasing the chances of a bearish correction over the next few days.
It is a very risky trade as we still do not have any clear confirmation.
However, given the importance of this area, it is likely that the bears may rise in number by pushing the price down.
Usually, this is an area of high importance because the bulls take the profits and the bears begin to sell.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Ger40 is testing a strong monthly zone increasing the chances of a bearish correction over the next few days.
It is a very risky trade as we still do not have any clear confirmation.
However, given the importance of this area, it is likely that the bears may rise in number by pushing the price down.
Usually, this is an area of high importance because the bulls take the profits and the bears begin to sell.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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