EU Indices crashed during the second part of 2018 and these sequences were successfully tracked with the analysis in the related ideas.
2019 started with a bang!During the first quarter It was unclear if stock markets worldwide indeed were to recover like that. I have to admit, I did not trust the "thrust" that much.
CAC40 & GER30 are showing clearer signs of a five-wave sequence completing, thus paving the way for swings.
These swings should occur anyway, regardless if it's a corrective Intermediate (2) degree or another impulse for the knock-out.
Should the next move be on the down-side, then it would be closely watched, because its sequence will give clear signs on the real direction of the Market.
Elliott Wave Analysis - EU Indices
- Scenario 1 - Bull Market Returning
Intermediate (2) would wipe out 50-61.8% of the entire gains these indices have shown until now, after which the Market should go once more and in a "rampage".
Scenario 2 - Bear Correction Not Over
On a larger degree, GER30 ( GRXEUR / DAX30 ) has a possibility of crashing for good but there are no realistic signs of that just yet.If the next swing would show and impulsive sequence, then this scenario could be followed up.
EU Indices could be turning , as the current wave counts are indicating sequences ahead.
P.S. See related Ideas below.