Still theme of increasing shorts as price accelerates . If we see EWQ breakout above its bear channel what will happen will shorts continue to increase even then ? This is bullish for me and the Dow net short positions are also up one percent at time of writing . A breakout above channel will probably force a lot of these shorts to cover but better yet would be...
!IBEX & !EWQ Short Entries for Jul 8
!EWQ Short Entry: 13:07:00 (UTC) Tue Jun 30, 2020
The economists have said that France's business has slowed, but it just looks like a pullback/correction. This ETF charges around 49 basis points per year. It has some clear entry/exits. The best part about this ETF is France. C'est la vie.
Looks corrective. Where the top is though, who knows.
We have downtrends in all timeframes except the daily in the France ETF. Currently price is about to break below the yearly downtrend mode, which if it happens could start a big slide down. The daily suggests a short is optimal here, risking a rally to pre-Brexit highs at 24.70, targets can be initially the monthly one at 19.22, but eventually this could evolve...
Waiting for 2 confirming indicators, white Heiken Ashi, Fisher or DMISTO