EU50 - Daily - Possible Short Opportunity
Hello Traders,
This graph shows the EU50 index on a daily timeframe.
The graph shows the convergence between actual downtrend channel and EMA100. It also shows a level of resistance on the RSI indicator.
Impact points on resistances and EMA100 are shown by red dots.
The EU50 might go a bit higher but shall reverse downtrend
Do not hesitate to comment
Regards,
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.