Trend Analysis
The main view of this trade idea is on the 4-Hour Chart. EU Stoxx 50 tested support around the 4080 price level and is currently testing the downward trendline off the 4240 high and the 4210 lower high. Expectations are for a breakout of the downward trendline towards the 4320 price level. This target was derived as there is a symmetrical triangle...
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!
Eurostoxx is accelerating away, guessing that the helicopter money hit it first. This one has a lot of room to potentially grow. Be careful out there, all this growth in the major indices is purely speculative. Real sector recovery has been choppy and modest.
None of the above is financial advice, please do your own research - your trades are your trades.
Initially had bearish bias as Price dropped out of HTF Horizontal correction but Price reversed pretty impulsively, so now I'm looking for LTF CAB Entry to the upside.
Get your wallets ready, wolves🔥
There is one more idea for you.
There is a Flag formation on EU50 financial instrument.
The price bounced from support and resistance zones.
One more possible touch of support zone is expected, but watch it careful because impulse may happen much sooner.
So follow the chart and look for the breakout carefully....
●● Mine scenario OANDA:EU50EUR
🕐 1W
TVC:SX5E
If you are interested in trading on the euro area economy, you can use this index. The EURO STOXX 50 reflects the dynamics of the largest and most liquid 50 shares in the euro area. The rapid decline in the wave (C) that gave rise to the COVID-19 pandemic was apparently a necessity within the ② of V ...
4000 is an interesting number for Europe 50 index. This is the value that acted as resistance in July 2007 which reversed around 80% of upward movement. Also, this was the highest point before the 2008 market crash.
Europe 50 is increasing at an increasingly fast rate near a powerful resistance which could only be explained by one scenario. The market could very...
THIS IS MY BULLISH TREND CONTINUE IDEA. HOWEVER WAIT FOR COME KEY LEVEL AFTER HOW TO RESPECT TO KEY LEVEL AFTER TREND CONTINUE TO UP TREND YOU CAN ENTRY ,SO THIS IS MY OPINION ONLY .
The area between 3820 and 3900 in the Eurostoxx 50 has been tough resistance MANY times in the last 20 years... sure the prize for breaking through it could be a fantastic rally for the bulls, but failure to do so could result in another historic drop... Do you know FOR SURE how this one will resolve? If so, please let me in on that, 'cause i don't have a clue....
Short term Elliott Wave View suggests that Eurostoxx rallies from January 28 low as a 5 waves impulse Elliott Wave structure. Up from January 28 low, wave 1 ended at 3742.53 and pullback in wave 2 ended at 3622.24. Internal of wave 2 unfolded as a Flat where wave ((a)) ended at 3643.33 and bounce in wave ((b)) ended at 3728.65. Index then resumed lower and ended...
