6.5 C
New York
Thursday, November 28, 2024

European Bear Market Rallies Peaking Here?

Courtesy of Chris Kimble

Are bear market rallies peaking in Europe? Very possible!

This 3-pack looks at stock indices from Germany (DAX), France (CAC-40), and London (FTSE-100). Each index declined more than 20% from highs earlier this year, reflecting that each entered into bear markets.

Each index hit lows in March, similar to stocks indices in the states and counter-trend rallies have taken place.

The bear market rallies have each index testing a Fibonacci retracement level at each (1), where bearish reversal patterns have taken place of late.

Has each index experienced a bear market peak of late at (1)? Possible!

If each index starts to experience selling pressure at the Fibonacci retracement levels, odds increase counter-trend rallies have peaked.

We put together this video details what the four largest bear markets of the past 100-years looked & acted like. CLICK HERE to watch this video.

In honor of my 40th anniversary in the business, check out how to receive 40% off our most popular research reports.

To become a member of Kimble Charting Solutions, click here.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,448FansLike
396,312FollowersFollow
2,320SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x