Kumowizard
Short

Your free Eurostoxx50 #Bearmarket guide

FX:EUSTX50   Euro Stoxx 50 index of European listed shares
83 5 3
When I mark this post as "SHORT", it doesn't mean to rush and sell now! It simply means we are in a confirmed bear market, which will be very volatile, and may provide some better short entries on bear market rallies.

Weekly:
- Bearish Ichimoku setup. Optimal sell area is ard Tenkan and Kijun: 2293 - 3093 zone.
- Heikin-Ashi calls for caution. Candle is still bearish , but haDelta could not make a lower low. Better sell opportunity would be at time, when haDelta gets closer to zero.
- EWO             is bearish , it's lower level shows we'll soon have the low of 3rd Wave. That could be followed by few weeks of pull back, before the 5th wave hits mkt to a new lower low.

Daily:
- Wide bearish trend channel. Price made 5 waves from channel top to possible channel bottom between Dec/2015 and Feb/2016.
- Ichimoku is bearish , with important supp/res lvls at 2900 and 3090.
- Heikin-Ashi is in a counter bullish mode, but orice is still below Kijun Sen
- EWO             reached an extreme low. Market is bearish , but there's good chance it has completed the 5th wave.

Bottom fishing on a bear market may work sometimes, but can be very dangerous if you dontt have a proper position sizing and tight stop loss.

For some more time this market will remain bearish . Of course bear markets have counter bullish waves too, which provide good sell opportunities. When you are uncertain, it is better to stay away, and wait for a better risk/reward entry point.
are you trading the channel?
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Well, I bought the bounce from the low in 0,5 unit... but honestly, I sold way too early, as I did not like to be long on this bear market.
My last short was the flag break at 3210 in Dec15/Jan16.

I trade the bear setups rather. Obviously I try to trade the sell signals at bearish Ichimoku supports.
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And if it goes to 3200 again until April-May, probably I will look for a sell setup again
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2use Kumowizard
Yes i meant why not buy now for the possible iteration up ?
Reply
no problem buying it if you do not trade more than 0,5-1 unit size max. So without leverage.
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