Best Selling Zones for the Stoxx 50

The European Stoxx 50 index has broken its upward trend.

The index has also formed selling zones that are considered among the best

and strongest selling zones at the moment.

The decline was preceded by a strong divergence on the MACD indicator

on the daily timeframe,

 which is a signal that still confirms an expected downward move.

Expected Targets

Currently, if the index rises to the new selling zones

which are located at the 5725 level shown on the chart,

it is expected to decline from there to targets at the 5640 and 5520 levels.

The analysis will be invalidated if a daily candle breaks and closes above the selling zones

identified on the chart. In this case,

 the upward movement may continue further in the medium term.