Kumowizard

EUSTOXX50 - Top consolidation or pull back to 3200-3250 support

Short
FX:EUSTX50   Euro Stoxx 50 Index
1
Daily:
- Ichimoku setup is long term bullish
- Yesterday Heken Ashi inside candle, today is a doji candle so far -> top consolidation or signal for a pull back
- haDelta cross below SMA3 -> top consolidation or pull back
- Oscillator is still bullish

4 Hrs:
- Bullish Ichimoku setup with a thick Kumo ahead
- Short term bullish support is 3210
- Heiken Ashi signals further correction: red candles, negative haDelta and bearish Oscillator
- DMI lost bullish trend bias, also signals consolidation or pull back is ahead
- short term inner trendline breaks

We'll likely see some further profit taking, which can send Price back to 3200+ support.

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