Stoxx bank index - Failed breakout, larger down trend intact
Concerns surrounding Europe's banking sector suddenly seemed to have vanished away from the markets. However, Stoxx 600 index chart clearly shows the larger falling trend line is intact and a bullish break from a smaller symmetrical triangle failed.
Caution is advised at least as long as the larger falling trend line isn't breached.
Caution is advised at least as long as the larger falling trend line isn't breached.
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