GER30 is moving towards the resistance line of a Inverse Head and Shoulders. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 21 days and may test it again within the next 5 days.
GER30 – approaching a resistance line that has been previously tested at least twice in the past
