Strong and interesting signal to buy on the index EURO STOXX 50!

TVC:SX5E   Euro Stoxx 50 Index

On the weekly chart of the European index EURO STOXX 50 , which includes the leading "blue chips" for the Eurozone, rested on the ascending channel with a beautiful hammer .

Let's move on to the daily chart . Usually we buy from the middle of the hammer - this is the level of 3480.00, also there is our upcoming weekly channel: Buy Limit 3408.00, SL = 3347.00, TP = 3678.00.

If you go back to the weekly chart of the index, you can see that the bullish flag is being drawn - a harbinger of further growth. But until we break through its upper limit, we are talking about a potential flag.

Oleg Svirgun
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This analysis is provided as general market commentary and does not constitute investment advice.
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