We are getting closer to the 4h GER30 resistant zone which is also the daily resistant zone. Be prepared for the next short.
This is not an advise just my personal opinion.
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We might see first a break-out of the ascending triangle. Then I expect that the break-out will slow down around 12,450 and the selling kicks in. Alternatively we move immediately below trendline.
Trade is not active yet.
Order cancelled
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For those among you who traded the 100 points congrats...
We saw the anticipated break-out of the ascending triangle and we saw the anticipated selling, but the sell off was not strong enough for me so I did not trade the set-up.