E100 continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minute counter-trend wave 2. The next move should be minute 3, where the most probable target is is below 2,500. If prices crosses up 2,820, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
E100 reached the target forecasted in our post of May 31 and reversed, as predicted. It seems to have finished minute wave 2 up. If this is the case, minute wave 3 will be down and with strong momentum. The probable target for the end of minute wave iii should be below 2,500. If price crosses up 2,813, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
E100 is tracing the end stages of intermediate wave(2). When it finishes, the downtrend to new lows will follow. It already reached 50% of retracement of wave (1) but it could continue up to around 2,780 before reversing the trend. A move below 2,550 would increase the odds that the trend already reversed. FOLLOW SKYLINEPRO TO GET UPDATES.
E100 is tracing an ABC pattern that when finished will culminate with the end of minor wave 4 up. This counter trend wave was longer than expected, but it seems to be reaching its end. The reversal target should happen between 2600 and 2800. After this the index should finally start its minor wave 5 down and take it to new lows. FOLLOW SKYLINEPRO TO GET UPDATES.
Following the path previously posted here, E100 is starting minor wave 5 down that should push the index to around 1972. The alternative scenario is tat where we read 4 it is wave A up, in this case we could see another leg up before this decrease. Keep tuned ! FOLLOW SKYLINEPRO TO GET UPDATES.
FTSE EURO TOP 100 index just started to trace a minor wave five e of intermediate wave 1 down. The next target is at the at around 1820, which completes the size of minor wave 1. After this we should see a counter trend move up.
FTSE is in a downtrend, and the continuation of downtrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 45.
The price is still in a downtrend and we forecast the downtrend would continue.
There is possibility of temporary retracement to suggested resistance...