olly_price
Short

Possible cypher formation on the Euro Stoxx 50

FX:EUSTX50   Euro Stoxx 50 Index
The support line on the downtrend was broken towards the end of February, and we are currently seeing a rally after the pullback.

Perfection of the black trend line crossing the triangle from the cypher .

If this rally continues to 3178 then we will have a cypher pattern completion and could go short.

Profit targets indicated by the green boxes. Stop loss indicated by the red box.
Comment: Hopefully this continues to rally on the ECB news and forms the cypher.
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