Buy signal under pressure: confirmation week closes bearish

The European autos ETF is in its 8th week of a buy signal, with the position down 5.83%. The confirmation week closed bearish: the model suggests considering an exit. The Indice di Qualità del Setup (IQS) sits at 35 out of 100 in ordinary phase, signal strength at 37 out of 100 — weak. The double bottom in the 4.7 area with an intermediate rebound of 10% is the only technical sign pushing back against the direction.