Euro Stoxx 50 - Daily - Something is building up here
Trade Alert.
There is not much to talk about here, you can see it yourselves. We have a nice clear rising wedge. Theoretically, these formations are followed by a break through the bottom side of it. The only problem here is that until we see a break, we cannot assume that this will just move lower from here. We need a confirmation break first.
The same applies for the upside. A break above 3570 could open the path towards the 3600.
Don't forget your stops!
There is not much to talk about here, you can see it yourselves. We have a nice clear rising wedge. Theoretically, these formations are followed by a break through the bottom side of it. The only problem here is that until we see a break, we cannot assume that this will just move lower from here. We need a confirmation break first.
The same applies for the upside. A break above 3570 could open the path towards the 3600.
Don't forget your stops!