SX5E: getting ready for a rebounce

Updated
The STOXX has arguably a complete 5 waves structure, rebounce of 200-300 points from here is likely if intraday low holds.
Target >4200
Stop <3890.
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EW interpretation:

Off the top of Feb, what I regarded as azure wave (iv) of one degree higher, we can observe 5 waves structure.
The last wave v in purple is quite extended, but given that wave iii reached 1.236 extension of wave i, the proportion overall is justified.
Note that the technicals of this v of (v) made a higher low compared to the bottom of (iii).

Bigger picture (chart: tradingview.com/x/nYEadkQB/)

Off the top of Nov '21 we have a clear 3 waves down structure, with orange circle c reaching 1.236 extension of circle a, nicely within the target range projected in my previous idea.
Looking closer to the subwaves structure of circle c, the (iii) and (v) is also quite extended, similar to the pattern of one degree lower.
The technicals here again made a higher low compared to the bottom of circle a.

These actions above suggest a corrective move with a typical abc pattern is being or already completed, a 61.8% retracement of this circle abc move is a reasonable target, if not higher.
For a shorter term trade, the 38.2% retracement ~4090 is a saver bet, but the R:R ratio is not that attractive to my taste.
Stop can be placed under intraday low ~3890, although the ideal target range of circle c can reach as far as 1.382 extension of circle a ~3870.

Be greedy when others are fearful.

Trade closed: stop reached
Stopped out intraday, need to reassess.
risk management = define Stop Limit before entering a trade
Elliott WaveTechnical Indicatorsstoxx50EURO STOXX 50 CFD

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