#EUSTX50 - Hit Target DEAD-ON | 4xQuad.com | #EURUSD #EUR #USD#EUSTX50 - Hit Target DEAD-ON | 4xQuad.com | #EURUSD #EUR #USD
EUROPE50 trade ideas
EURO STOXX 50 Rising Wedge Breakout Points Rising wedge formation in the chart with possible break out points marked according to the recent movements that were less and less steeper. Resistance levels would be 2952 and 2890. Downward break outs should occur from 05-07/11 or on a second try 1 1/2 weeks later. This pattern is broken if the price breaks the upper resistance trendline.
$EUSTX50 - TG-1= 3079 - Janus Pattern - 19 SEP 2013TG-1= 3079 - Janus Pattern - 19 SEP 2013 | 4xQuad Forecasting
Expecting significant resistance at TG-1 = 3079, corresponding to 4xQuad's Janus Pattern completion.
4xQuad
Breakout Above Multi-Year ResistanceAfter consolidating for about two weeks, the EUSTX50 screamed higher gaining about 90 points within the last two days. In the process, it broke through a multi-year resistance level shooting vertical over today. Any pullbacks towards 2955 should be considered buying opportunities, targeting 3000, and 3100. Bullish bias remains while daily closes are above this level.
