"Top and Bottom Analysis" EUROSTOXX (EU50EUR) by ThinkingAntsOk4H CHART EXPLANATION:
Main Items we observe on the Chart:
- Price broke the Ascending Channel and, then, bounced on the Resistance Zone.
- If price breaks the Ascending Trendline at 3381, it has potential to move down towards the Support Zone at 3300.
We are looking for Sell Setups on lower timeframes.
MULTI TIMEFRAME VISION:
- Weekly
- Daily
Eurostoxx50
SHORT EUSTX50 @ 3475 Global markets are turning to bearish due to Trump's tariff twitter. For short, I believe Eurostoxx 50 is a nice object today. A strong bearish bar has broken the structure. Just wait for a step-back opportunity and sell it.
Entry: 3475
Stop: 3516
TP1: 3434 (We can trail it for more profit.)
"Top and Bottom Analysis" EUROSTOXX 50 by ThinkingAnts4H CHART EXPLANATION
- Price is currently on an Ascending Channel and, after bouncing on the bottom of it, theres potential to move towards the top.
- Price is above the previous resistance, trying to mark new max. It is currently in a Bullish Corrective Structure to continue the up move.
- If price breaks 3457, the target prices are determined by Fibonacci Levels (3502 and 3556,8).
Updates coming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
SHORT Euro stoxx 50 approaching resistance, potential dropEuro stoxx is approaching our first resistance at 3262.6(horizontal swing high resistance, 61.8% & 50%Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3134.7 (38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension )
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SHORT Euro stoxx 50 approaching resistance, potential drop!Euro stoxx is approaching our first resistance at 3262.6(horizontal swing high resistance, 61.8% & 50%Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3134.7 (38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension )
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Euro stoxx 50 approaching resistance, potential drop!Euro stoxx is approaching our first resistance at 3262.6(horizontal swing high resistance, 61.8% & 50%Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3134.7 (38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension )
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SHORT SHORT Euro Stoxx 50 approaching resistance, potential droEuro Stoxx 50 is approaching our first resistance at 3262.1(horizontal overlap resistance, 50% Fibonacci retracement ,100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3043.7 (61.8% Fibonacci retracement ,61.8% Fibonacci extension )
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
SHORT Euro Stoxx 50 approaching resistance, potential drop!Euro Stoxx 50 is approaching our first resistance at 3262.1(horizontal overlap resistance, 50% Fibonacci retracement ,100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3048.9 (61.8% Fibonacci retracement ,61.8% Fibonacci extension )
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Euro Stoxx 50 approaching resistance, potential drop!Euro Stoxx 50 is approaching our first resistance at 3262.1(horizontal overlap resistance, 50% Fibonacci retracement ,100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3043.7 (61.8% Fibonacci retracement ,61.8% Fibonacci extension)
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Short Euro Stoxx 50 - Downside volitility!See confluence of 50MA (h4) , previously inflected horiz resistance & 50% retracement.
I have went short here at yesterdays open. SL placed just above market high. This will moved once I see a reaction to the downside further improving my R:R on the trade. I always place my SL's at the point where my opinion is proved wrong. If a new high is printed here then my opinion of a downside confutation is incorrect.
My target will be a retest of the local market low. We can see there is volatility to the downside here (swift moved to the downside last week followed by a weak upside move.
Zooming out to a macro view - there is a case for a larger H&S forming.
EURO STOXX in the same boat as the DAXAlmost identical setup on the EURO STOXX as on the DAX. Big short setup, first set up in a potential new bearish trend. The pattern was triggered by a nice big selloff candle, indicating strong bearish momentum. Will it continue? On balance of probability it should. Either way, I wouldnt want to hold any stake in EURO STOXX 50 or DAX at this time.
Trade safe. Trade smart.
Euro Stoxx 50 outbreak The european Index, DJ Euro Stoxx 50, representing the biggest 50 enterprises (marketcapitalisation) in Europe, has crossed the upper limit of the very long symmetrical triangle.
The fundamental data from EU-Zone and Europe are positive; only the EURO could be an obstacle because it had gained force in comparison with the US-Dollar. But this should change during this year, because of the tax reform from Trump and the tapering from the FED. The Dollar should strengthen versus the Euro.
The european central bank (ECB) has also tapered its QE-Program (with now producing 30 BN Euro per month - out of thin air) but it isn´t expectable to have rising interest rates as well.
With a weaker Euro the Global Player in Europe should take profit and have rising exports.
Of course there are many risks for the EU-Zone; for example the election in italy where it is expected that the Party of Grillo could win - and he is against all the austerity programs of the EU and the ICF.
Technically the Euro Stoxx 50 can profit from its outbreak - if the index doesn´t fall back.
Compared with the S&P 500 (blue line) european stocks have much space on the upside. P/E and P/B are also less expensive than in US.
indicators:
not bullish! - but little signs of a positive trend
EURO STOXX 50. Sell on breakdown. Target 2655This could be a large WXY flat correction.
We are in the last Y wave down.
It could be a hefty gain.
Target at 2655 level is the minimum.
I like European indexes clean charts and ideal touch points as you could see in the EURO Stoxx 50 here.