4H Vision Explanation: - Price broke the Descending Trendline and started its up move. - Price reached our first target at the Resistance Zone . - Price has potential to move up towards our main target at the Major Resistance Zone . - However, the Bearish Divergence could be indicating a pullback to the Support Zone before going up. Take a look at our...
Euro Stoxx Index is also showing signs similar to my CAC40 idea (link below). Again, be wary with the Fed tomorrow. Cutting rates, and future rate cuts, means that there will be nowhere to go for yield other than the stock market. Central banks are attempting to keep stocks propped. This is their new mandate: to keep assets propped. You can see a some what of a...
SX5E, SHS pattern forming on D1: Sell - SHS pattern forming - Breakout neckline => Sell
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
4H CHART EXPLANATION - Price is currently on an Ascending Channel and, after bouncing on the bottom of it, theres potential to move towards the top. - Price is above the previous resistance, trying to mark new max. It is currently in a Bullish Corrective Structure to continue the up move. - If price breaks 3457, the target prices are determined by Fibonacci...
13 TD Countdown Exhaustion. In a very supportive area. Close to the 0.618 retracement level from the multi year rally begun in 2011. Stochastics showing positive divergence forming. Bottom forming similar to 2008/09 GFC. Targets 68 / 79 Stops 51.00
Euro interest rates are negative and the curve remains flat with no end in sight. This is destructive to net interest margin and the sustainability of European banks. Investors are stepping away from bank shares, having sold throughout 2018 and prices are back to 2009, 2012, and 2016 levels. European banks sector is now heading for a break to multi-year lows. ...
Euro stoxx is approaching our first resistance at 3262.6(horizontal swing high resistance, 61.8% & 50%Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3134.7 (38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension ) Stochastic (55,5,3) is...
Euro stoxx is approaching our first resistance at 3262.6(horizontal swing high resistance, 61.8% & 50%Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3134.7 (38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension ) Stochastic (55,5,3) is...
Euro Stoxx 50 is approaching our first resistance at 3262.1(horizontal overlap resistance, 50% Fibonacci retracement ,100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3043.7 (61.8% Fibonacci retracement ,61.8% Fibonacci extension ) Stochastic (89,5,3) is also approaching resistance where we...
Euro Stoxx 50 is approaching our first resistance at 3262.1(horizontal overlap resistance, 50% Fibonacci retracement ,100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3048.9 (61.8% Fibonacci retracement ,61.8% Fibonacci extension ) Stochastic (55,5,3) is also approaching resistance where we...
Euro Stoxx 50 is approaching our first resistance at 3262.1(horizontal overlap resistance, 50% Fibonacci retracement ,100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3043.7 (61.8% Fibonacci retracement ,61.8% Fibonacci extension) Stochastic (89,5,3) is also approaching resistance where we...
In a prevalent potential or on-going bear market, sharp countratrend rallies and 50% retracements are usual.
Extremely Bullish Set-up For NOK - Needs to Breakout & Retest To Be In Play: 2019 YE Target 8.5€ / 2020 Target 23€ (!!)
Last week I was cautiously optimistic that the EuroStoxx would move higher to 3500, and possibly break from there to complete the mini (inverted) head and shoulders that can be identified since the 30th October 2017. However this week's action adds to a more bearish, alternative path. The blue support zone is a loosely defined price range of significance; this...
Almost identical setup on the EURO STOXX as on the DAX. Big short setup, first set up in a potential new bearish trend. The pattern was triggered by a nice big selloff candle, indicating strong bearish momentum. Will it continue? On balance of probability it should. Either way, I wouldnt want to hold any stake in EURO STOXX 50 or DAX at this time. Trade safe....
EuroStoxx below 3410/05 risks a slide to the May low at 3385/80. A break below the 50% Fibonacci at 3374 targets 3366 & 3359/55. Holding 3410/05 allows a recovery to 3428/30 with strong resistance at 3439/42. Shorts need stops above 3450. A break higher meets strong resistance at 3461/64. Shorts need stops above 3470.