Are these signs of weakness?

FX:EUSTX50   Euro Stoxx 50 Index
48 0 4
To be honest, for me STOXX50 is one of the most difficult chart to trade based on my technical approach and model. It has too many swings sometimes, wild rallies and wilder retracements in all direction.

So for now I am just asking, are these signals I see showing us weakness inside market?

- weekly Heikin-Ashi candle shows indecision: small red body with both upper and lower wicks.
- haDelta has been ticking lower for few weeks below SMA3 -> problem with "bullish" momentum
- EWO             is still below zero, and it also seems turning down again!
- Major trend is still bearish , with Ichimoku setup being neutral: Price above Kijun, but below Kumo, Tenkan is below Kijun, both avg             lines are flat.
- MACD histogram fails to move higher. MACD and signal line still below zero.

- Ichimoku setup is still bullish here, but for some reason market just can not get to new highs so easily
- Heikin-Ashi signal seemed to be bullish for few days, but haDelta/SMA3 has some warning. It shows some weakness. Also haOscillator is still below zero.
- EWO             is green, but it alo             failed to gain momentum so far
- This market likes building Head and Shoulders pattern. Is it just building a minor one now? By break of neckline zone 2925-2950 the validated pattern would point to 2800 measured tgt             .

3100 is a sztrong resistance. Real bull market only above that level.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out