This seems to be more difficult for me. I like to discuss this one.
You can see converging lines, but they were converging even more months to years ago.
There was a quite strong spring. It has been tested strong but remained strong untill march 2023, when the banking crisis started. next week a lot of folks are looking at the ecb.
The testing of the clear down channel triggered a very strong down move which is still intact and shaked as well as cutted the VPOC (volume point of control). As of friday there was a week close below the channel. The bears are leading this one down, but there is a possibility of a upward reversal. The up move went to 150 % fibonacci, so the establishing bullish channel is quite strong .
Good look for all of you, trading stocks from europe !
I am in ETFs from Europe .
הערה:
The dark box above the green line is a turning possibility, but be cautius until the poc is cutted and tested
הערה:
happy trading