Weekly Review | 03 June 2022

 German Stock's Index Weekly Outlook:

Weekly Review

Wave Analysis:
During the previous trading day, the German stock's index ended up closing as slightly bullish indicison candle. As long as the price does not clearly break and close above the upper trendline, we are expecting a possible rebound from the immedioatele rendline to pick a possible long term sell position towards the upper trendline. If the price breaks and closes above the upper trendline, then further momentum to the upperside is expected.
Trade Recommendations:
We're watching for a rebound from the upper trendline to pick a possible low risk sell position.
 
 
Bob Stan
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