HI BIG PLAYERS,
on EURO STOXX 50 I found a nice LL and LH signal for shortsetup.
In 1 h chart the last low breakdown the previous low and in the 15 min chart it seems also like a lower low and a lower high.
The RRR (Risk-Return-Ratio) would be 1:4.
The market continued to drop down from the beginning of this week making it one of several market that fell during week. We might see more dropping of the market due to France's foreign policy and its conflict with the Arab world specially since France monopolizes the biggest part in the Eurostoxx50 which negatively affected the rest of the participating countries...
After the fall of yesterday, the.Eurostoxx50 continued to move downward especially after crossing the 3112 barrier that the price retraced from, giving the bears the leads to take market down being supported with high volume that confirmed fall.
📌 STOXX 50
The purpose of the operation here is a clean and simple 5-3-5 sequence to the downside which means the lows are still exposed to another flank attack from those accompanying bears.
This is a very important few weeks and months for volatility and in a roundabout way we must take...
The market started strong by pushing down as the bears entered the market with high volumes to put a great impact on the market, but the bulls have squeezed the sellers at 3138 giving a feeling that the market may reverse go heavily upward. But the price should break a very important area in order to continue its way upward which is 3169, and if the price could...
I see a strong inclination of the market to go bullish since it already broke a resistance zone at 3227 and it is supported with a significant awakening in the volume. Once the green volume explodes, we will see a beautiful long trade but you should watch for the resistance zone at 3255 that might reverse the market.
I see that market has given a good bearish signal with a significant volume that is superior to its previous volume, but i also see an support zone at 3198 that the price should break before taking off downward. When the price breaks the support line, you should definitely sell the market.
As you can see, the market has finally approached the resistance zone and is trying to break it! When we see that breaking happen we will see a strong move upward! Please make your profit at 3227 so you may exit there! Happy trading.
As you can see in the chart, the Eurostoxx50 showed a big volume explosion indicating an intention to move down yet there is no confirmation unless it breaks the support area at 3171. I showed a consolidation area in the rectangle and what made me assume a soon bearish move is the breaking of the rectangle. On the other hand, if the market changes direction and...
I see that the market is trying to trap some trader as it is trying to show a fake move to the bottom where there is a tremendous support are at 3189 that pushes the price up no matter what! On the other hand, there is also a strong resistance area at 3217 and i see there is high probability that it will break it and move up. So, when the price breaks that...
The market is preparing to break the support area that is moving toward it now and if it breaks it you should definitely sell the market. But if it bounces back we have to wait and see if it will break the resistance area at the top and if it breaks it, the market will go high.
Since the market could not break the strong resistance area at 3169, the market will keep going bullish. But if the market breaks the support area with a strong bearish candlestick, then the market may go bearish. We will have to wait and see.
After studying the chart of this morning, i saw a very strong signal confirmed by the break of the resistance area at 3169. The market retested the area and showed a strong momentum towards the bottom. The market is still heading towards the strong support area at 3126. You may exit there but if it breaks that area, you should sell the market as it may collapse.
I will open Buy if the price will cross the Support/Resistance Zone and fix above it.
A huge accumulation below can give a strong impulse.
Push like if you will trade it also!
Write your comments and questions here!
Thanks for your support!