STOXX50 trade ideas
Stoxx50 Reversed Off Resistance, Potential Further Drop!Stoxx50 reversed off its resistance at 3281 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 3196 (horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure that contributes to our bearish bias.
SX5E Bounced Off Support, Potential Rise!SX5E bounced off its support at 3159.1 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 3292.4 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is bounced off its support at 5.3% where a corresponding rise could occur.
The preponderance of evidence: SX5EThis is part of a series of charts which I will posting for the reader to make up his/her mind based on the weight of the evidence.
Do note, these are weekly charts which means the implications of which will occur over the next 12, 18, 24, 36 months.
Eurostoxx is showing signs of breaking downLast week I was cautiously optimistic that the EuroStoxx would move higher to 3500, and possibly break from there to complete the mini (inverted) head and shoulders that can be identified since the 30th October 2017. However this week's action adds to a more bearish, alternative path.
The blue support zone is a loosely defined price range of significance; this area has repeatedly acted as a support over the last 12 months. Since the January 2018 correction, all subsequent rallies from this range have failed. The index is now for the sixth time in this blue support zone. Moving averages, RSI and price are all negatively aligned.
Today's price movement is also completing a head and shoulders pattern that has developed since January 2017.
SX5E Bounced Off Near Its Support, Potential Rise!SX5E bounced off its support at 3275 (100% & 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance.
Stochastic (55, 5, 3) is approaching its support at 2.8%.
SX5E - Daily Key ElementsThese are the levels to look out for when analysing sx5e. Please refer to our 4hr chart for a strategic view!
EURO STOXX downmoveA rapid decline mirroring the indicated a is to be expected after the trendline resistance did hold. Target may be around 20000.
Euro Stoxx 50 - Daily - Could still capture a bit of the upsideTrade Alert
We could still catch a bit of that uprise, especially if the index moves above its recent highs of 3436.5. The move could open the path towards the 3460 level initially and then maybe testing the long-term downside resistance line, taken from the highest point of January. This is where the price could stall for a while.
On the downside, a break below the 3405 zone, could set the stage for a possible drop down towards the 3350 area, which acted as good support on the 15th of August.
Always have your SL in place.
EU Stocks 50 Index - Bullish OpportunityWe can expect this EU Stocks 50 Index to continue it's bullish move up as soon as it breaks the 50 ema on the 4H timeframe chart.
20 EMA is the support and as long as it holds strong, this move is active.
Trade Safe.
Europe 50 (STOXX) - 3340/ 3350 key level (Short bias)Looking for shorts below 3340/ 3350 towards 3260, even 3100.
Potential SX5E Short-Term Buy Opportunity
Tested support of around 3275 points. RSI at oversold level. Possible retracement from current downtrend up to fib level of 0.236 with the target level being around 3350 points. More confirmation required but represents a potential buying opportunity in the short term.
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.
EuroStoxx 50: Could Move Much LowerComments on the chart. There could be a retracement to correct the big downmove today but as long as 3480 is not taken out it is a better selling area/short entry
Possible short. Seems to be respecting the trendline.Possible short. Seems to be respecting the trendline.
Major Support coming up as well. Wait for a signal but looks decent
EURO STOXX50(daily chart). Potential three drives, Geo.EURO STOXX50(daily chart). Potential three drives, Geo.
Bear Flag Incoming - Let's short it!We are currently at the TOP of a Bear Flag Pattern and we have an excellent Risk Reward I put my Stop Loss and Take Profit on the Graph.
The Volume are also decreasing which validate the pattern.
Short ES50 Target 1 - 2,860; Target 2 - 2,564The EuroStoxx50 could have finished its correction wave ii of the blue 3 down. Then there are now directly 2,860 points for the wave 3 on the program. The final of the 5 of the c would be at 2,564.
