STOXX 50If the STOXX 50 breaks the blue trendline (I mean, if it closes below it), there is a serious possibility that it will continue to fall (at least) until the area 3330/3335 points.
STOXX50 trade ideas
EuroStoxx 50: I am bearish against the 3600 highComments on the chart.
The most important thing to note is that for this to play out the high must be in
By the way, another scenario that can happen is a triangle however the downmove has no discernable divisions into 3 waves. A triangle will be bullish imho
EuroStoxx below 3410/05 risks a slide to the May low at 3385/80EuroStoxx below 3410/05 risks a slide to the May low at 3385/80. A break below the 50% Fibonacci at 3374 targets 3366 & 3359/55.
Holding 3410/05 allows a recovery to 3428/30 with strong resistance at 3439/42. Shorts need stops above 3450. A break higher meets strong resistance at 3461/64. Shorts need stops above 3470.
SX5E back to wave2!!!TVC:SX5E
With the breakout of 3400 and the deep retracement till 3330 we have to redraw the entire Elliot structure, with the price back in wave2. This structure will be confirmed just if the price hold the support in area 3315/3308. A rebound could find the first resistance in area 3400.
With the breakout of 3308 we'll be back in the ABC structure, with the first target in area 3245/3250 (waveC).
Current exposure: Delta neutral. We have rebalanced our position that was Delta negative from the breakout of 3400.
Delta negative on breakout and daily close of area 3308.
Delta positive on breakout and daily close of area 3400.
Euro Stoxx 50 - Daily - Getting squeezed and ready for a moveTrade Alert!
We will make a difficult call here and say SELL. Certainly, for this, we will have a careful stop.
The index is really getting squeezed right now and it looks like a strong move soon is inevitable.
As always, don't forget your stops.
Euro Stoxx 50 - Daily - Something is building up hereTrade Alert.
There is not much to talk about here, you can see it yourselves. We have a nice clear rising wedge. Theoretically, these formations are followed by a break through the bottom side of it. The only problem here is that until we see a break, we cannot assume that this will just move lower from here. We need a confirmation break first.
The same applies for the upside. A break above 3570 could open the path towards the 3600.
Don't forget your stops!
STOXX 50 DAILY LONG 2618 Very good high probability setup for change in direction. Strong level of support. RSI oversold with divergence and last leg sign of a retracement. Bears couldn't break lower that lever last week. If Italian election ends well and Merkel do her job for Germany things might go pretty well.Relatively cheaper equities in EU makes me think 2018 EU may overperform US indices. Will see. Expecting appreciation further of the EUR. 2:1 RRR. DAX CAC BEL will tell the story. Good Luck
Compass For Direction Of Next Big SwingThe short term wave structure becomes corrective to the upside if we immediately head from here down below 3393 points.
This level coincides with an important level on the entire European equity complex. If it gets broken a retest of the early February lows is likely for most of the major European equity indices. However, if the Eurostoxx 50 rests above this level it means that we'll see a third wave to the upside soon.
S/L 3393
T: 3600
Final Swing Into New High Or Big Countertrend ReboundThere are two plausible scenarios. Either the market resumes its trend to the upside in a final minute wave v(circle). It is likely that the last swing to the upside, labeled as minute wave v(circle), started off last Friday's lows. The best alternative scenario is an interim top that has been reached at the end of January 2018. However, even that has likely a big retrace due to the 3-wave move to the downside since then. Hence even if the Eurostoxx 50 toppend, it can do so only in a diagonal scenario. Those get retraced big time!
S/L 3307
Target 3550
The New EraThe chart above highlights the change in correlation between the STOXX50 and the S&P500 over the last decade. Interestingly there have been considerable falls in the correlation coefficient in 2012 and 2018. Are we in a new era where global markets are detached? Trading Forex / CFDs is High Risk.
SX5E: Potential downside to 3100The SX5E is a much narrower index relative to the Stoxx 600 (check out my earlier post) but you get the same bearish conclusion. The SX5E is constrained by a major downtrend line marked by the 2007 and 2015 market tops, it is building somewhat of a expanding megaphone pattern over the last year and a massive MACD divergence from the price action. The last major down swing in Europe lasted for 1 year and I would imagine this down swing to be no different. This year is turning out to be a real dog.
STOXX 50! GOING LONG?!Going long on ''STOXX 50''
If prices break through our key level at 3475.0, we could see a bullish run up to highs of 3575.0/3625.0.
A solid break through our key level, will indicate to me that our targets aren't far-fetched and actually could be attained. Also we could get an opportunity to short this for the equivalent appreciation, which is really good!
