TipTVFinance

Stoxx50 – Bearish break inside larger falling trend

TVC:SX5E   Euro Stoxx 50 Index
A corrective rally inside a larger descending trend line has officially ended yesterday, given the bearish break from a smaller rising channel seen on the daily chart (on left hand side).

The daily MACD has turned bearish as well, suggesting the upticks are likely to find fresh sellers.

The downside towards 2900 stands exposed and the bearish invalidation is seen only if the index ends the day above 3K levels.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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