GER30 Short

8 ביולי 2020

Price is consolidating right now and i believe the consolidation is about to come to an end. Price is stuck on a S/R area and looks like its about to make a move to the downside. The boxes are consolidation boxes and the smaller green box is a consolidation area but on a smaller time frame. Price has moved to the bottom half so it should keep moving. I've placed a sell stop here so price doesn't start moving the opposite direction. Hoping for price to move back to the trend line before moving upwards. Price is also below the 50EMA.