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JohnGalt
Oct 31, 2013 3:59 AM

EURO STOXX 50 Rising Wedge Breakout Points  Short

Euro Stoxx 50 index of European listed sharesFXCM

Description

Rising wedge formation in the chart with possible break out points marked according to the recent movements that were less and less steeper. Resistance levels would be 2952 and 2890. Downward break outs should occur from 05-07/11 or on a second try 1 1/2 weeks later. This pattern is broken if the price breaks the upper resistance trendline.
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