ThinkingAnts
Long

"Top and Bottom Analysis" EUROSTOXX 50 by ThinkingAnts

OANDA:EU50EUR   Europe 50
4H CHART EXPLANATION

- Price is currently on an Ascending Channel and, after bouncing on the bottom of it, theres potential to move towards the top.
- Price is above the previous resistance, trying to mark new max. It is currently in a Bullish Corrective Structure to continue the up move.
- If price breaks 3457, the target prices are determined by Fibonacci Levels (3502 and 3556,8).

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