#GER30 bearish continuation move

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After an impulsive bearish move in the GER30 last week, the price is now forming a bullish corrective move and a rising wedge pattern, which typically has a bearish bias.

Additionally, the price has reached the 1-hour 200 EMA, which could act as dynamic resistance. There's also a bearish divergence between the price and the momentum oscillator on this timeframe.

These factors together suggest a bearish outlook.

Feragatname

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