The EUROSTOXX 50 confirmed another weak also yesterday but the extension of the decline was limited. Also for this index we have a potential reversed S_H_S formation with the neck line at 2225. An hourly closing below 2162 will abort this pattern re-launching the decline and suggesting a test of the gap up area 2130/10, now support area.
The indicators of the daily chart remain negative as well as those of the 4h one. Only the indicators of the hourly chart are already return above the line supporting a possible rebound. We need however an hourly closing above 2228 to support a correction!!
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FUTURE TREND RESEARCH