Bearish wedge breakout with kumo twist
Updated
Broken wedge just at the kumo twist, more downside expected before finding support around the cloud at €970-1021.
Slowdown confirmed in 4 hour timeframe by RSI divergence.
Slowdown confirmed in 4 hour timeframe by RSI divergence.
Note
We broke our resistance level of €1128, but failed to take out previous highs and momentum is weakening. I'm still looking for a bearish trend that will go down and test the specified support levels, if we manage to break below €1140.
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