iShares Auto & Parts EU: fading signal, discipline takes over

At week 9 of a buy setup, the European auto and parts sector ETF shows a clear fading pattern: signal strength at 37 out of 100, setup quality at 24, ranked 49th among 61 open longs for European-UK stocks. The trade is in negative territory and the confirmation week closed bearish, reinforcing a cautious reading. The double bottom in the 4.6 area is the only constructive technical signal visible.