EUSTOXX50 - Watch short term key supports. Correction down
Daily:
The picture shows a possible bearish swing ahead.
- Two doji-like Heiken Ashi candles followed by one clear red with no upper wick
- haDelta is below SMA3, both lines dropped below zero
- HA Oscillator is bearish too
Possible retracement tgt is 3200-3220
4 Hrs:
On the lower time frame the picture is still neutral, but with increasing bearish bias.
- Price is still above the Kumo and 100WMA, but below Tenkan and Kijun lines. The Kumo is thick below Price.
- Chikou Span is till neutral, swinging around Price candles
- Weak bearish Tenkan/Kijun cross
- HA candles are bearsih, haDelta further down with SMA3 below zero line
- DMI bearish signal with ADX start to increase
The mkt has less power now. We can try to sell smaller spikes and/or the break of key horizontal level at 3320.
The picture shows a possible bearish swing ahead.
- Two doji-like Heiken Ashi candles followed by one clear red with no upper wick
- haDelta is below SMA3, both lines dropped below zero
- HA Oscillator is bearish too
Possible retracement tgt is 3200-3220
4 Hrs:
On the lower time frame the picture is still neutral, but with increasing bearish bias.
- Price is still above the Kumo and 100WMA, but below Tenkan and Kijun lines. The Kumo is thick below Price.
- Chikou Span is till neutral, swinging around Price candles
- Weak bearish Tenkan/Kijun cross
- HA candles are bearsih, haDelta further down with SMA3 below zero line
- DMI bearish signal with ADX start to increase
The mkt has less power now. We can try to sell smaller spikes and/or the break of key horizontal level at 3320.
