GER40 - Bearish Trend

10. Sept.

GER40 index is analysed on 4H chart with resistance and support plotted on daily time frame. There was a bearish divergence on 4H chart after which the trend has become bearish. I used Fib to test the level of retracement and the pull back was healthy. No bullish divergence is observed and I have planned my entry at the LL.

The Signal is:
EP: 18215.26
SL: 18705.21
TP1: 17725.31
TP2: 17235.36