I would like to show a tradable index BTXEUR (more information here ) based on 7 most liquid companies listed on Bulgarian Stock Exchange. Index continue its consolidation phase after Aug and Sep RUN UP.
BTXEUR index – TRENDS
Short-term trend – DOWN, Mid-term trend – DOWN, Long-term trend – UP
Trends are subject of revision on daily basis after market close. Long – term trends are revised on weekly basis after friday close.
Trends are based on my mechanical trend following system. They are NOT trading recommendations.