EU50 Bullish Sentiment: France & Italy reported stronger than expected gains in June Industrial Production (+19.6% m/m and +42.1% m/m respectively) although output remains significantly below levels seen at the start of the year. The DAX is up 22% in USD terms over the past three months while the Euro Stoxx 50 index is up 16.5%. I think signs of increasing flows...
Logic: economic recovery/bounce back idea. Entry: €64.50 or ideally at yearly S3 support, €55-€56 area. Stop: €56 or < €48 in second case. Risk: -13.18% or -14.29% Target: initially €78.13, longer term mid €90's Gain: +21.13% or +39.52% Note: high risk/reward longer term speculative idea. AIR remains in downtrend.
Logic: close above yearly pivot, in confirmed uptrend & > 200D EMA. Entry: €6.70 Stop: €6.20 Risk: -7.46% Target: €7.70* Gain: +14.93 Note: *initial target €7.27, possible gap close in €7.40-€7.80 area.
Daily Chart Explanation: - Price bounced from the Support Zone and went towards the Resistance Zone where it is now. - Bearish Divergence on MACD. - If price starts its down move from here, it has potential to go towards the Support Zone one more time. - We are looking for sell setups on lower timefremes. Weekly Vision: Updates coming soon!
4H Chart Explanation: "What happened?" - Price broke the Descending Trendline. - It started its up move after bouncing on the Support Zone . - There was a Bearish Divergence on MACD . - Price reached our target on the Resistance Zone first. After that, it faced a correction towards the Support Zone . Now, we are waiting to see a new clear setup. Updates coming...
4 Hour Chart Explanation: - Price broke the Descending Trendline. - It started its up move after bouncing on the Support Zone. - Bearish Divergence on MACD. - Price has potential to reach our target on the Resistance Zone. After that, it should face a correction towards the Support Zone. Weekly Vision: Daily Vision:
I will open buy near mirror levels because - Price broke up mirror levels and Downward trend - Potential profit in 5 times bigger than a risk
Flag at eurostoxx 50? maybe good money in it., im short in usoil as well, it can drive the markets down a bit more.
4H CHART EXPLANATION: Main Items we observe on the Chart: - Price broke the Ascending Channel and, then, bounced on the Resistance Zone. - If price breaks the Ascending Trendline at 3381, it has potential to move down towards the Support Zone at 3300. We are looking for Sell Setups on lower timeframes. MULTI TIMEFRAME VISION: - Weekly - Daily
EU50 is approaching our first resistance at 3272 (50% fibonacci retracement, 100% fibonacci extension, horizontal overlap resistance) and a strong drop might occur pushing price down to our major support at 3128 (38.2% fibonacci retracement). Stochastic (55, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off...
EU50 is approaching our first resistance at 3272 (50% fibonacci retracement, 100% fibonacci extension, horizontal overlap resistance) and a strong drop might occur pushing price down to our major support at 3128 (38.2% fibonacci retracement). Stochastic (55, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off...
EU50 is approaching our first resistance at 3167 (ascending overlap resistance, horizontal swing high resistance, 76.4% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 3088 (horizontal overlap resistance, 161% fibonacci exteension). Stochastic (55,5,3) is also approaching...
EU50 is approaching our first resistance at 3087 (50% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 3016 (38.2% fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is also approaching resistance and we might see a...
EUR50 is approaching our first resistance at 3075 (50% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 3016 (50% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance). Stochastic (89,5,3) is also approaching...
Price on the EURO STOXX index broke out of the ascending channel on the weekly timeframe, and now it is coming back to retest the support-turned-resistance. We will only be taking shorts on this index, and we will only do so when the RSI is fully overbought on the higher timeframes. Until then, we keep on waiting.
EU50 Possible Long with Targets Highlighted www.tradingview.com