Daily Chart
ARL.DE : Declining trend with short-term correction
Correction to horizontal resistance , test of the pierce of former support , currently support.
Indicators : RSI drops under 70 – strong short-term signal for declining in descending trend.
Price action : Dark-Cloud Cover – Bearish Reversal – negative signal at levels of support.
Lower tops and deeper bottoms – short movement.
Sentiment : The negative rates in EU Zone administer negative influence upon rentability of the bank , which made the
sector risky for investing.
SL : 312.15
Alternative scenario : if the price go above the top of the first bear candle from the formation will destroy these
negative signals – probable incline until diagonal resistane
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