Weakness - Bulls are not strong enough

FX:EUSTX50   Euro Stoxx 50 Index
- Ichimoku is back to neutral. Price trades in thick Kumo. Warning: Senkou span cross ( bearish Kumo twist) 26 weeks ahead!
- Heikin-Ashi shows mixed price action, indecision, consolidation. Warning: haDelta+ and haOscillator may give sell signals.
- MACD shows weakness
- EWO is bearish

I think bulls cannot have much hope on this market now.

Comment: My position is half unit short with stop at 3631 cash px. Opened today.

Position opened in FESXH3 (March/2018 contracts), which means on stop level you need to take into account appr. 16 points discount to the cash px level.
Comment: "EWO" above refers to the Elliott Wave Oscillator on the chart, not to $EWO iShares MSCI Austria Capped ETF :-)
btw, it also looks like a short term bear flag. A confirmed break woould also be in line with the break of major bullish trendline. Then we'd see a massive bear shock and pick up in momentum and volatility.
So it’s okay to sell?
Kumowizard AdrianaCorleto
better risk/reward than to buy it @AdrianaCorleto,
Kumowizard Kumowizard
sell small before it breaks on the downside. If it breaks this major trendline and also confirms the bearish flag, then leverage your position as it will quickly dive to 3400.
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