In the present technical analysis of the eurostoxx index through the golden trading technique, we will be able to observe how in its historical graph it shows us possible debts and projections that the market left us in the short, medium and long term.
According to the checks I made in the previous trend, I found that the previous wave is a corrective (ABC); As a result, I was looking for signs of the beginning of a broad 5-wave pattern.
According to the type of behavior and movements of this index, the beginning of a 5-wave was confirmed.
Currently, this index is in the 3rd wave of its trend, hence the sharp...
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.
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...
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...
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 divergence with RSI does not mean EuroStoxx will drop. It only shows that despite sentiment declining, index value keep going up.
Where are the opportunities?
Please share your views and comments below.
Thank you for your support and for sharing your ideas.
Please note that I am not a professional trader and these are my...