It is clear that the risk picture is already changing.
- setup is still . Price is moving higher from Kijun Sen support. A break back above Tenkan Sen would mean confirmation of the new wave. Lower supports are still at 3400 and 3310.
- We possibly have a Heikin Ashi reversal signal developing.
- setup is still . The question is what Price will do ard Kijun Sen. Anyway, if it breaks above 3600, that will be a point of reversal to again. If it happens, the Index becomes a buy on dips.
- Heikin Ashi already signalled a possible swing up during last few trading days, as after the long wicked candle we had a small green one, while haDelta crossed above SMA3. Today candle is impressive too: pricing a satisfying solution for Greece?
I am not involved in European equities right now. Still too volatile for me, and I have enough other playgrounds now where I feel more comfortable.