🚀The Eurozone stock index is ready to take off! Or ... 🤷♂️
●● Mine scenario
EU50EUR
🕐 1W
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 flat.
🕐1D
EU50EUR
Now we are testing a quite strong level of resistance. Counting from a series of the first and second waves is a harbinger of rapid growth and extension of the third wave.
🕐6h
EU50EUR
Focus on the "invalid." level, the breakdown of which will serve as a signal of the transformation of the wave ((ii)) to the flat, or, even worse, the realization of an alternative count with black markings.
●● Alternative scenario
🕐 1W
FESX1!
In an alternative count, the boundary of a large triangle of degree IV "Cycle" will be expanded. The current growth can go in a wave (Y) of ((B)) followed by a decline in ((C)). The count will become more relevant if the wave C of (Y) (6h) is transformed to the ending diagonal.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
EU50EUR🕐 1W
SX5EIf 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 flat.
🕐1D
EU50EURNow we are testing a quite strong level of resistance. Counting from a series of the first and second waves is a harbinger of rapid growth and extension of the third wave.
🕐6h
EU50EURFocus on the "invalid." level, the breakdown of which will serve as a signal of the transformation of the wave ((ii)) to the flat, or, even worse, the realization of an alternative count with black markings.
●● Alternative scenario
🕐 1W
FESX1!In an alternative count, the boundary of a large triangle of degree IV "Cycle" will be expanded. The current growth can go in a wave (Y) of ((B)) followed by a decline in ((C)). The count will become more relevant if the wave C of (Y) (6h) is transformed to the ending diagonal.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
🆓 Больше аналитики в Telegram: t.me/freetradelife
📚 Методичка (Ellliott Wave Guide): t.me/elliottwaveprincipal
📚 Библиотека (Ellott Wave Archive): t.me/biblioewa
💎 Premium: t.me/freetradelife_premium
📚 Методичка (Ellliott Wave Guide): t.me/elliottwaveprincipal
📚 Библиотека (Ellott Wave Archive): t.me/biblioewa
💎 Premium: t.me/freetradelife_premium
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.