EUSTX50 trade ideas
Sometimes things look obvious, but opposit happensThat's why we have to use trailing stops!
Look at this 4H chart and pattern!
Obviously Ichimoku setup was bearish, price action showed consolidation with flat/slightly higher lows and lower highs --> absolutely looked like a bear flag.
And what happened? Market agressively spiked through the 100WMA into the thick Kumo.
Today's price action turns the whole picture rather bullish biased again, but I believe this move was a bit too fast.
4H Kumo top will likely block it for now. Also haDelta has reached an extreme high. The index faces daily Kijun resistance too at 3026.
Market will possibly chill down, but later we may see another leg up. If you wish to go long, wait for a pull back to 2970-2980.
AB=CD on the EuroStoxx for 2840 and 2700?- Failed and rejected off the UTL of February low
- Price converging in a triangle wedge
- RSI is oversold but not diverging to support a strong rebound
- Target for 2840 seems possible if it broke out of the wedge
Eurostoxx 4 hour is going bullish- If previous fractal via the candles and RSI serves right, it may well break above 3020 and trade higher
- It remains a strong IF but it looks entirely possible as longer TF will post a strong rebound and bullish candles
- With that in mind, the bias is not to short or fade it until a much clearer signal is available - bulls seems adamant to want higher prices in the next few days
$EUSTX50 at an important confluece point!Here are two possible scenarios:
If the price "respect" the trendline and the support it's a BUY.
If it breaks the trendline it's a Sell.
Either way we have a nice Risk/Reward ratio!
You can follow other indexes (such as DAX and S&P 500) as they are with a strong correlation this days.
Please leave your thoughts on the comments!
POTENTIAL BUY ZONE (confluence zone fib + RSI)Hi traders,
Price is approaching a nice confluence area with a perfect fibonacci confluence of 50% + 78.6% retracement aligned with the uptrend line. Note also the RSI approaching the oversold area.
I will look carefuly this zone and wait for a signal to go long.
Happy trading,
Trend continuation with Fib confluencesNice opportunity for bearish trend continuation.
See chart for full description.
Happy trading
SHS on Eurostoxx 50 As we can see Eurostoxx50 is making a S-H-S on 1 day time frame. This figure will end in same date that Brexit vote (aprox.) also we have the problem of Greece in June
STOXX50 / VSTOXXVSTOXX (Stoxx50 volatility index) is currently flirting with 4 months low level. STOXX 50 already started by touching top line of Bollinger band (20 days, 2 std dev). Comparing with S&P 500 and VIX (SP500 volatility index), we would also see +/- the same thing. Just be ready next week. Expecting at least 3% correction on STOXX50 in one of the days next week, as already quite clear with Saudi and Iran news development.
European stocks are turning bullish - ABC pattern?Weekly:
- Trend and Ichimoku setup is bearish. Key levels: 3100 / 3200-3250
- Heikin-Ashi candle and haDelta/SMA3 suggests a bullish price reversal is happening now
- EWO is bearish but value is less negative (ticking higher)
Daily:
- Ichimoku setup is turning bullish from neutral. Price made a decent dip in the Kumo, but could not deliver a bearish break. In case it clears Kijun and Kumo on the top side, buying will accelerate further.
- Market probably completed 5 bearish Elliott waves, and now we are in the A-B-C pattern phase, with third wave from B to C. Possible tgt is 3200-3250.
- Heikin-Ashi is bullish with increasing momentum! A close above 3000 will be a confirmation.
- EWO is ticking up to zero (neutral)
Strategy: Try to buy dips. Also Long Stoxx50 vs Short SP500 rel value trade can be a good risk reward. For sure it is not a good idea to short this mkt!
Bias is still bearishWeekly:
- Ichimoku Setup is bearish. Kijun refused 2 and 3 weeks ago.
- HA candles turned bearish. Acceleration expected below Tenkan (below 2900 spot)
- EWO has an important message: BEARISH! More important message: 1st and 3rd bearish wave was in. 5th is likely still ahead of us!
- Risk for bears: while it looks bearish now and it is prudent to sell and keep shorts, in case market fails ti break below weekly Tenkan, it can be squeezed up to 3250, before the 5th bearish wave really extends.
Daily:
- Ichimoku setup is neutral
- Heikin-Ashi has bearish bias.
- EWO back below zero! If stays red for few more days, it will be confirmed bearish again
- Bulls need to clear 3070, or they are lost. Bears real chance will come below 2900 (below Kumo), but first they minimum have to have a candle close below daily Kijun!
Euro stoxx 50 gooverextended in a sweeping downtrend to uptrend move, decent area of reaction, good for a quick daily trade
MOY0 Eurostoxx Daily MA TradeDon't do trend trading much anymore but getting into this for a short possibly down to 2650 or so
