Kumowizard

ESTOXX50 - Sell Setup

Short
FX:EUSTX50   Euro Stoxx 50 Index
5
Daily: 3300 resistance refused, Price is touching the short term trendline, which may be broken soon as both MACD and Slow Stoch is bearish now.

4 Hrs: Price down to Kumo and 100 WMA. A break below could bring further selling and then DMI will confirm with a bearish cross too.

1 Hr: Bearish now, with Price breaking below the Kumo, and Chikou Span below Price now. Needs one more confirmation sub 3235, then bearish momentum will accelerate further.

Initial bearish corrective tgt is 3150. Stops have to be placed at 3275.

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