The 2021 high had not been reached again. Since then we've got a double top which may become an inverse Head and Shoulder. As long as the January 2022 high will not be taken out the probability is in favour of lower indications.
The March 2022 high together with the November 2022 high can be seen as a smaller S-H-S formation. But as the market could not reach the...
EUROPEAN SHARES
European stock benchmarks rose for a second day running on Friday, at the end of a stormy week, as investors bought the dip brought by short-term turbulence in the markets.
Risk appetite is on the rise after investors seized the opportunity brought by fears of a systemic risk sparked by SVB towards the Financial sector, to buy shares at...
European markets pared some of yesterday’s gains as market sentiment remains under pressure from a blurry short to mid-term outlook for stocks. Today’s appetite for riskier assets has been dented after traders saw poor industrial production figures from China, sending benchmarks slightly lower everywhere in the Eurozone. Overall market sentiment remains fragile...
Trade Idea: Selling EU50EUR
Reasoning: Potential 5th wave completion in daily and 4hr charts. Price action stalled at Ichimoku Cloud (Hourly). News sentiment turning negative.
Entry Level: 4272
Take Profit Level: 4180
Stop Loss: 4303
Risk/Reward: 3:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and...
Trade Idea: Buying EU50EUR
Reasoning: Broken up through resistance after posting a bullish outside weekly candle. Continued momentum higher. Bullish flag forming.
Entry Level: 4315.9
Take Profit Level: 4357.0
Stop Loss: 4297.0
Risk/Reward: 2.17:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses....
EU shares fell back on Thursday, following the bearish global trend for equities as risk aversion prevails. investors have become increasingly risk-averse due to the uncertain short- to mid-term economic outlook and prospects of tighter monetary supply globally and are taking cash out of riskier assets.
Although hawkish stances from central banks are getting well...
Euro Stoxx 50 SX5E-
Bearish Harmonic potentially in play.
Local top: 4280 (maybe 4400).
Targets: 4025, 3858.
Additional lower targets are identified in Chart.
Trade Idea: Selling EU50EUR
Reasoning: Bearish engulfing on Weekly chart. Elliott wave 5 complete on Daily & Hourly. Reaction rally failed. Price action breaking below.
Entry Level: 4224
Take Profit Level: 4100
Stop Loss: 4255
Risk/Reward: 4:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses....
Trade Idea: Selling EU50EUR
Reasoning: Hanging man candle on weekly. 5th and final wave impulse move higher complete and correcting in ABC formation. Double top confirmed on short term chart
Entry Level: 4270.9
Take Profit Level: 4230.0
Stop Loss: 4289.0
Risk/Reward: 2.26:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your...
In this update we review the recent price action in the EuroStoxx50 and identify the next high probability trading opportunities and price objectives to target
