The Index is forming a Ascending Triangle, Ascending triangle breakout can be on either side. Ascending triangle breakout on the upside has low failure rate compare to the breakout on the downside. Currently the Index is trading above the EMA, breakout on the upside and price above the EMA can be a great opportunity to enter long

The RSI is falling price and we are expecting to follow so.

The DMI+ is trading above DMI- which indicates positive direction. ADX is trading above DMI- will suggest strength to the direction.

GER30

Jan 10 2022