Euro Stoxx 50 SX5E- Bearish Harmonic potentially in play. Local top: 4280 (maybe 4400). Targets: 4025, 3858. Additional lower targets are identified in Chart.
In this update we review the recent price action in the EuroStoxx50 and identify the next high probability trading opportunities and price objectives to target
Reading charts is just one part of trading a bear market, another highly significant part is a solid understanding of market psychology, heuristics and biases. Having spent 14 years in a QE fuelled bull market where there were few inexplicable events and certainly no major forced liquidation events, it is easy to understand why so many participants get so excited...
Just a quick note on the Eurostoxx specifically to highlight: 1. We are now most definitely trading below the 2 year uptrend that was causing the ongoing corner formations, good to get that out of the way 2. The index has found support temporarily off the March lows and various highs from 2020 3. If this breaks, which we expect it will sooner or later, the...
As our first post it is essential to publish our longer term trend channel work as it provides the larger backdrop to our more detailed and shorter term work that we will be publishing in due course. Starting with the Eurostoxx 50 Index (SX5E) we saw a 19% rally in as many trading days off the March lows only to run into resistance and the 3 month downtrend...
In this video I breakdown why EUR/CAD continues to weaken to the downside as Higher Oil prices support the commodity-linked Canadian Dollar. I also breakdown how interest rate differentials favors investors to sell euros to Buy Canadian Government Bonds paying a significant premium over Bunds. Europe's economic outlook continues to turn grim as the war in...
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. -- 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...
EU50/ Eurostoxx50/ SX5E completed its bearish retracement on Monday this week and is now back on its bullish nature. I anticipate it to reach 5000 by the end of October 2021. I've set my short term goals as follows: TP1 4235 TP2 4193
Eurostoxx is accelerating away, guessing that the helicopter money hit it first. This one has a lot of room to potentially grow. Be careful out there, all this growth in the major indices is purely speculative. Real sector recovery has been choppy and modest. None of the above is financial advice, please do your own research - your trades are your trades.
As we said in the previous analysis of this index last week, the price moved upwards and we think it will reach the important resistance area marked on the chart. However, there could be corrective moves that could reach the blue trendline formed by connecting the lows of December 18th and January 28th. Trade with care. Best regards, Financial Flagship ...
Euro Stoxx 50 is a leading blue-chip index for the Eurozone, providing a representation of the leaders in the region. The index covers 50 stocks from 8 European countries. Technically, following the coronavirus crash in February-March 2020, the price has formed an uptrend that we think will reach the resistance area of 3840-3880. If the price corrects deeper...
If the EUR SX5E Top 50 Can consolidate above the EMA price should continue up to the next level on the Fibonacci retracement before breaking down or ranging lower. This should create a stronger EUR in the FX Markets against both Major/Minor Pairs
Euro stocks index broke below a horizontal neckline of a h&s pattern. we have a nice conjunction of a daily/4h candle close below confirming the violation. now the price retesting the broken level. I expect seeing a bearish continuation to 2656 (next minor support) 2579
Japan (EWJ) outperforms as Coronavirus cases are low (due to low testing), but country now on the verge of a massive virus outbreak, in line w/ EU & US. Italy (EWI) lags DM, seen as new epicenter of Coronavirus. Country on lockdown, virus priced in (relative to Japan). Italy also has sov debt & banking crisis overhang- but Japan also has massive sov debt &...
Euro stocks index is approaching a 4 years' high! there is a high chance to see a strong bearish reaction from the underlined weekly resistance, but because the trend is bullish, I will trade the market only with a good confirmation signal. On 4H chart, the market is currently forming the right shoulder of a head and shoulders pattern. I pay close attention...
SX5E, SHS pattern forming on D1: Sell - SHS pattern forming - Breakout neckline => Sell
4H 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...
For half a #week #Breakeven &/or #LongTerm #LONG (to be continued: ) #StopManagement and #Exit after Monday's Entry #European #Indices