Hey guys
Let's take a look at GER30 index.
Monthly: Bullish chart and macd is bullish. Only thing to note is Tenkan and Kijun are flat and price is far from them.
Weekly:
Bullish but macd is crossed down
Daily:
Prices broken kijun. Chikou is below price. Currently on minor support. Macd is crossed down and near zero line. I expect a deeper pullback.
Can be a nice short set up on daily. Keep an eye on daily support zone .
Thanks for reading.
Let's take a look at GER30 index.
Monthly: Bullish chart and macd is bullish. Only thing to note is Tenkan and Kijun are flat and price is far from them.
Weekly:
Bullish but macd is crossed down
Daily:
Prices broken kijun. Chikou is below price. Currently on minor support. Macd is crossed down and near zero line. I expect a deeper pullback.
Can be a nice short set up on daily. Keep an eye on daily support zone .
Thanks for reading.