Thread by @Kai_Charts

European big indices;

Thread 👇🏻🧵

$FTSE $IBEX $CAC $MIB

We shared this last week;

"+ As you can see gray box send rejected again.
+ Now orange box might be support."

We stick to our previous analysis.

Charts don't provide investment advice and targets. Its for study. $FTSE #FTSE100 $LSE #StockMarket

+ The downward trend continues.

+ It is not correct to accept that the rise has begun until the red line is crossed.

+ It is in a state of rejection from the upper channel.

Charts don't provide investment advice and targets. Its for study.

$IBEX #IBEX35 $BME #StockMarket

+ Price needed to stay above the red line for the uptrend to start, it couldn't.

+ Important levels are shown in the chart.

Charts don't provide investment advice and targets. Its for study.

$CAC #CAC40 $FCHI #StockMarket

+ The old main downtrend seems to be broken.

+ If it stays above 23.157 level, we can say that the rise will continue.

+ After a significant rise, there may be some pullback.

Charts don't provide investment advice and targets. Its for study.

$MIB $FTMIB #StockMarket

+ Ascension may have begun.

+ A few key levels were broken and persistence outside the channel was ensured.

Charts don't provide investment advice and targets. Its for study.

$DAX #DAX40 #DEU40 #StockMarket