We all know Europe is hurting and their country ETF’s reflect it. Most are in bear flags which can be high probability short patterns. I have tweeted caution on Spain $EWP and Italy $EWI for months if not a year now. These need to be observed going forward as price could still lead lower. The patterns do bear watching (no pun intended). Here is a quick glance.
![belgium Belgium](https://www.upsidetrader.com/wp-content/uploads/2023/12/belgium-300x194.png)
![italy Italy](https://www.upsidetrader.com/wp-content/uploads/2023/12/italy-300x198.png)
![spain Spain](https://www.upsidetrader.com/wp-content/uploads/2023/12/spain2-300x198-1.png)
![germany Germany](https://www.upsidetrader.com/wp-content/uploads/2023/12/germany-300x197-1.png)
![france France](https://www.upsidetrader.com/wp-content/uploads/france-300x194.png)
$EWG, $EWI, $EWK, $EWP, $EWQ