GER30 – support line breached

Past performance is not an indicator of future results.
GER30 has broken through the support line of a Descending Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 3 days and suggests a target line to be around 12207.4085 within the next 14 hours.