TVC:SX5E The amazing price action... -Reversal double bottom; -Major bearish trendline broken, the double bottom "neck" broken, validating the double bottom; -Found resistance at Bearish Butterfly territory; -Two targets for the Butterfly, the second @2933$ (618% retracement) will forge the 2618 bullish setup with initial and default targets around 3600$, the...
After a downward breakout from a consolidation figure (flag), the EuroStoxx 50 is pulling back in the Distribution zone between 3232 and 3251 points. The index is approaching a ST pivot at 3243, but there are strong resistances in the area around 3250: these points are potential sell levels when the pullback momentum weakens.
Fino alla scadenza tecnica opzioni di gennaio puo continuare ad oscillare intorno al valore 3300 Supporto importante 3250 Resistenza 3330 Al link una panoramica intermarket youtu.be
EUROSTOXX 50 GRAFICO 1H RESISTENCIA EN MP150 Y ZONA FIBO 38,2
Long position above EMA200 , TP 3165 below long term resistance
Euro stoxx 50 is in the last leg up of a corrective structure, so i'm expecting a new strong leg down to the monthly lower trendline. Bullish divergence for the ABC correction.