SX%E - Long term bearish outlook - 300 point drop!

Very bearish market geometry on display in the Euro Stoxx 50 chart. Bearish are certainly in control with bulls failing to create new highs this years and also a recent failed to re-enter the trading range.

P&F count for this one brings us down the 3100, this ties up nicely with a the previous horizontal resistance developed in 2016.

Good luck!

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