In the past few years where the Winter Olympics were held, there was always a local dip to be bought around the day of the opening, to then ended up with a bigger crash a few months later.
The 2022 Games will be opened on 4 Feb, should be fun.
Disclaimer:
Given long enough time, market eventually goes up.
EU50 on the daily chart after the recent impulse retraced in a channel and perfectly retest the previous resistance now turn support at the 0.5 Fibonacci level.
According to Plancton's strategy IF the price will break above and satisfy the ACADEMY conditions we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly...
Used pivots and geometry here mainly
The only correction i'm calling initially is the retest
All depends on the euro, but i could see europe stonks outperforming us
NOT TRADING ADVICE
I'm bearish generally. I have taken the EU index. Selected major pivots- and arrived at a 3k target
This is the action-reaction method of TA
Also known as 'market geometry'
Trade at your own risk, folks
Timeframe 2-3 months
European Markets and US Stocks made a massive bullrun during "the pandemic".
Pretty strange if you ask me for a scenario where the world was about to stop spinning...
But all over the world, moneyprinting seemed to be the way out.
And that money was given to those who needed the help, good to know
but it also made people lazy, it kept them comfortable.
They where...
EU50 led some bearish candlesticks on daily closes last week, despite it closing into a range we’re looking for a rejection off key level before taking trade. When we see that rejection we only expect it to drop to major support level however we could see some prolonged movement. Move SL to entry upon second TP hitting. RSI floating at 63 despite hitting 75.
R:R 1:2:2
GL
How to use TP!
When the order price breaks down Tp1,
you wait for Tp2 and SL moves to Tp1,
so as to secure earnings.
So with Tp2 to Tp3.
When we publish the closing of a position, you close it.
When the order comes to SL, always
consult with us, do not close the order.
Follow your open positions!
Eur50 is showing an incomplete correction of wave 3.so price is showing a potential drop to complete wave b, then price will then continue with its bullish bias. trade with proper risk management.
EU50 recorded yet another several consecutive days of gains. The price has crossed upper limit of parallel increasing channel with RSI crossing level of 73.
Similar situation occurred in Sep this year whereas RSI remained slightly below 70 yet the index recorded a visible fall to roughly 0.5 level fib retracement.
Current fibo retracement indicate possible fall...
EU50/ Eurostoxx50/ SX5E completed its bearish retracement on Monday this week and is now back on its bullish nature. I anticipate it to reach 5000 by the end of October 2021.
I've set my short term goals as follows:
TP1 4235
TP2 4193
We've had a short bias for a bit on all indices, this one is very clean and it looks like we finally broke out of the continuation correction to the downside. Now all we want to see is a LTF correction after the breakout which will be our entry to carry the momentum lower.
Hello Traders,
Wait for the retest of the counter-trendline and confirmation of the indicators.
Than we have an entry.
Wishing you a great week of trading!
Markets in Asia and especially in Europe started September strongly after higher-than-expected inflation in the eurozone and very optimistic comments from ECB Vice President Luis de Guindos, who said that the eurozone economy is growing faster than the ECB expected, hinting at an upward revision of the central bank's growth forecast. On the downside, German retail...
