EUSTOXX50 - Update / More signals for trouble
We have more signals todays indicating the selloff can soon accelerate in European equities.
First of all please check my previous post on the link below
Daily:
- Chikou cross below Price candles - weak bearish signal
- Price is flirting with Kijun Sen - If it breaks below, then the very important 3100 support becomes a resistance.
- MACD is close to bearish cross
4 Hrs:
- weak bearish Tenkan/Kijun cross kept valid as Price retested Kijun twice and turned down again.
- Chikou Span is crossing below Price candles
- DMI bearish cross and ADX started to increase, so this time it can be valid
- present Kumo is very thin, no problem to break through 3100. If the breakdown happens, selling will accelerate.
First of all please check my previous post on the link below
Daily:
- Chikou cross below Price candles - weak bearish signal
- Price is flirting with Kijun Sen - If it breaks below, then the very important 3100 support becomes a resistance.
- MACD is close to bearish cross
4 Hrs:
- weak bearish Tenkan/Kijun cross kept valid as Price retested Kijun twice and turned down again.
- Chikou Span is crossing below Price candles
- DMI bearish cross and ADX started to increase, so this time it can be valid
- present Kumo is very thin, no problem to break through 3100. If the breakdown happens, selling will accelerate.
