Euro Stoxx 50 Hourly Chart
"The 3137 support zone may not be broken." As long as this support will hold, we can look to go higher. However, RSI will put a negative reversal, when this happens price could be going downwards. Let's first see how far we can go higher.
DAX Daily Chart
"Below 10280 zone we find support around 10200." Because the RSI showed positive divergence, we could pick up a long position at 10183 with our members yesterday and cashed at 10334. As long as the drawn channel in our picture will hold, we can go up. At this point RSI will put a negative reversal, hence long positions need to be protected
ES S&P500)
DAILY CHART - "For now this decline may still be considered as an abc decline". Zone 1940 may not be broken downwards." A messy image overseas, both RSI and countings provide a lateral gradient.
