UPDATE: Euronext hit the first Target price at 1,549It's been a shortish hold for this analysis.
The price broke above the CUp and Handle. The price was above the 20 and 200MA stating a High Probability Trade.
And just yesterday the bulls pushed it up to the first target at 1,549.
I think we will get a bit of consolidation around these levels, but another upside swing is very likely.
I'll let you know
Buyeuronext
EuroNext major potential Cup and Handle - Upside to come to 1549Cup and Handle has been forming since August 2023.
Actually, what has formed is a V Pattern. Now there is a break down which could be a consolidation pattern forming.
During this time, we could see a Handle pattern - to complete the Cup and Handle.
If we see a breach above the brim level, we could see HUGE upside to come.
7>21>200
Price>200
Target 1,549
Either I am feeling too optimistic with January Effect, or we're in for great upside this year.
Let's see.