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JFD_Research
May 9, 2018 8:36 AM

Euro Stoxx 50 - Daily - Something is building up here 

ESTX 50 PR.EURINDEX

Description

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!
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