GER40 Intraday Short: Fading Strength Within a Range-Bound Market

Market Structure & Technical Outlook

Good morning everyone. Looking at the GER40, we're currently trading around 22430.66, having seen a modest 0.14% gain over the last 24 hours. However, the overall picture for the past day, with a range between 22384.67 and 22476.64, clearly shows a sideways trend. "The trend is your friend," and while the overarching trend is flat, this presents opportunities to fade the extremes of the range. My focus is on the upper boundary.