the GER30 will be preparing for a bearish movement after failing to breakout from a major resistance zone and also creating a bearish divergence after a short lived bullish movementGLOBALPRIME:GER30,as per the technical analysis and sentiment analysis I believe the indice will head down while respecting previous support and resistance zones by testing them while keeping the bearish sentiment.The entry price will be 13300 to 13100 .First TP will be 12800 to 12600 while the second TP will be 12300 to 12200. Even the volume spread analysis concurs with this signal as a Sign of Weakness can be seen,namely the bullish effort ≤ bullish result
Comment
⋅
The trend line seen on the RSI is awaiting a breakout to confirm a serious bearish sentiment