BlackInvestElite

BEARISH FLAG OR ASCENDING TRIANGLE

OANDA:DE30EUR   Germany 30
The price is currently making us a bear flag since April 30 it is a sell signal.

The primary and major objective will be the oblique support at the 10 440 level however the oblique support is used to form an ascending triangle therefore the oblique support will be crucial for the rest of the analysis.

Scenario 1: The price bounces on the trend line and the confirmed price is ascending triangle up to 11,300 ...

Scenario 2: If it breaks its oblique support at the 10,440 level, there is a good chance that the price will resume its bearish momentum in its channel drawn in red since the beginning of April with the objective of the median line at the 10,200 level and then the second objective at 10,030.
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