The FTSE stopped at a perfect 62% retrace with a nice bearish reversal candle. Now a reversal candle only signals potential reversal. But if we get some follow through tomorrow ... watch out.
Stochastics are also in the overbought territory. Also the DAX has a bearish candle sitting in the same spot.
This definitely bears watching.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEji9h5gxYHC6aqK-vtOdOPbcMKPh1kDW9gWsLh_66rfx92zgiO9qWQjf5OUvtKlYQ5swHE1D0iScxXeY2QZwuHDEW7DEmSxZiImGaHAAmpfDh9RxUsfMBjn1HwEljvEo9hzXuy0uNSeC9rc/s320/0binve-001-201.png)