GER30 has formed a double top on the 1200-1400 price level. Price started to fall and a retest is possible. A minimal retrace from that level would be the 23% of the fibonacci levels where the trendline would be.
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Comments
mjk123
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nice chart, seems very compelling from the technical side, tough i just cannot see that negative catalisator it would need to trigger that downmove?
FisnikKlinaku
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@mjk123, Thank you very much.
Yes,it´s not a sell yet until a bearish engulfing candle is created.
Patience is Gold!