Kumowizard

EUROSTOXX50 - 4 Hrs Tightenning triangle

FX:EUSTX50   Euro Stoxx 50 index of European listed shares
34 0 0
It is very hard to give any high probability prediction here, still looks like consolidation within a tightenning triangle on 4 Hrs chart. Bulls need a decisive break above 3160 to keep the rally alive. If 3120 breaks, then we will see a bit deeper correction, but since Kumo is very thick, the same px             action can occur like in case of EURUSD             recently. So it can be a false break, and further consolidation or pop up again later. I am slightly bearish biased, but best idea is to watch it only, until we see some change in Ichimoku components.
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