German I-Shares, Weekly: Longer Trend Looks Lower
This is chart 2 for the German-I-Shares. Chart one was for one hour time increments. This is weekly.
The RSI on a weekly basis is rolling over and will most likely head lower.
The 89 week moving average is heading down.
The price structure is trading inside the Ichimoku Cloud.
The Ichimoku Cloud is heading lower.
The Ichimoku Cloud also has a red border on top, indicating weakness.
What would convince me otherwise that an uptrend will start?
The down trend channel at $27.10 would have to be breached to the upside.
The prices would have to remain above the Ichimoku Cloud.
Good luck to you. Don.
The RSI on a weekly basis is rolling over and will most likely head lower.
The 89 week moving average is heading down.
The price structure is trading inside the Ichimoku Cloud.
The Ichimoku Cloud is heading lower.
The Ichimoku Cloud also has a red border on top, indicating weakness.
What would convince me otherwise that an uptrend will start?
The down trend channel at $27.10 would have to be breached to the upside.
The prices would have to remain above the Ichimoku Cloud.
Good luck to you. Don.