Indicators
1 ) Trendline - below the downtrend line .. ( Bearish )
2) Support/Resistance - Broke below the previous low at 1621 ( Bearish )
2) Support/Resistance - Broke below the previous low at 1621 ( Bearish )
3) MACD -Bearish Crossover and 4G1R ( Bearish )
4) RSI - Broken below 30% (Bearish) ,
4) RSI - Broken below 30% (Bearish) ,
5) STO - Broke below 20% and bearish crossover (Bearish)
6) Ichimoku - a) Price coming entering from the support cloud (Bearish).
6) Ichimoku - a) Price coming entering from the support cloud (Bearish).
b) Conversion line below the base line (Bearish).
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Black Candle (Bearish).
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Black Candle (Bearish).
Conclusion:
Bearish
Going to test the 1600 and if rebound we will need to monitor the banking sector as it might rebound if there is any positive news on the Greek Rescue and the Fiscal issue resolved.
Resistance- 1621 / 1649 / 1668 /1681 /1725
Support - 1600 / 1594 / 1581
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