Conviction: 3/5
Seems to be turning down away from LT (2002) channel resistance. RSI-W also signaling further downside.
Looks like there might be an intermediate-term support around -10% away.
All in all.. may be a better risk:reward trade once it breaks down from the white support line. Either way, the trend looks negative.
If you are interested in Europe, perhaps UK will be a better trade.
Seems to be turning down away from LT (2002) channel resistance. RSI-W also signaling further downside.
Looks like there might be an intermediate-term support around -10% away.
All in all.. may be a better risk:reward trade once it breaks down from the white support line. Either way, the trend looks negative.
If you are interested in Europe, perhaps UK will be a better trade.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.