Warning signs for long-term investors on the Renko Chart of the XAO (weekly):- First Red Block since Bull Rally began in March09
- Uptrend broken to down side
- Reversal at the 40-Week Moving Average
- Weekly Slow Stochastic has broken below its signal line.
Look for confirmation of trend reversal:
- Break by Slow Stochastic below 80
- Switch by PSAR dots from below the chart blocks to above the chart blocks.
Cheers
Red
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