The Euro Stoxx 50 Index is the main index in the Eurozone. The components of the index are companies that are leaders in their industries - 50 companies from 12 eurozone countries: Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Luxembourg, the Netherlands, Portugal, Finland and France.
The main scenario is the continuation of long-term growth within the framework of the cycle wave V. _______________________________________ β EU50EUR, πTF: 1D Fig.2
The ascending (1) and the beginning of the subsequent correction (2) of β’ were successfully predicted. At the moment, the threewave corrective phase can be interpreted as a completed A-B-C. Growth is expected to resume as part of the third wave. _______________________________________ β EU50EUR, πTF: 8h Fig.3
As a local alternative scenario, black marking is proposed, in the context of which wave (2) will become more complicated to a W-X-Y. This counting option will become more relevant if the sideways correction stretches in time and takes the shape of a X. _______________________________________ _______________________________________ ββ Alternative count β FESX1!, πTF: 1W Fig.4
The probability of realization of the given scenario will multiply increase in case of display by a wave B of (Y) of the form of a triangle.
π―Interesting points for making trading decisions:
β Breakdown of the orthodox bottom of the wave B of (Y) of β·; β Completion of the zigzag (E) of β· within black marking; β Completion of the zigzag βΊ of IV within the color marking.