STOXX50 trade ideas
From now just buy dips- The 3 months deterioration period seems to be over. Price broke back above downtrendline, after major bullish trendline acted as good support last week.
- Ichimoku is back to neutral with some bullish bias ahead. Equilibrium level and now bullish support is 3450+. Price is above Kijun, right at spot Kumo top, which could be some short term resistance.
- Heikin-Ashi is bullish, with increasing momentum. Given the haOscillator's relative high value, we may see some consolidation, or minor pull back before next leg up. If it happens, use this dip to go long.
- EWO switched to bullish
Strategy: try to buy dips to 3450-3475, initial stop at 3400
Strong and interesting signal to buy on the index EURO STOXX 50!
On the weekly chart of the European index EURO STOXX 50, which includes the leading "blue chips" for the Eurozone, rested on the ascending channel with a beautiful hammer.
Let's move on to the daily chart. Usually we buy from the middle of the hammer - this is the level of 3480.00, also there is our upcoming weekly channel: Buy Limit 3408.00, SL = 3347.00, TP = 3678.00 .
If you go back to the weekly chart of the index, you can see that the bullish flag is being drawn - a harbinger of further growth. But until we break through its upper limit, we are talking about a potential flag.
Oleg Svirgun
MOY0 Eurostoxx 50 Weekly Head & ShouldersPossible Eurostoxx 50 Weekly Head and Shoulders
Am also interested in the US indices on a weekly basis as I am hoping the SPX500 will close small and bearish this week and possibly the Nasdaq as well, in which case I will be shorting both of them first thing Monday
EUROSTOXX, still in congestion
One day goes up and one day goes down
It's better to wait for the break of the triangle formed by the intersection of the bearish channel
and the red line of the fibonacci's fan
Fisher indicator that could return bearish.
The targets are 3605 in the event of a break up
and the 3406 in case of break down
EUROSTOXX, still in congestion
One day goes up and one day goes down
It's better to wait for the break of the triangle formed by the intersection of the bearish channel
and the red line of the fibonacci's fan
Fisher indicator that could return bearish.
The targets are 3605 in the event of a break up
and the 3406 in case of break down
Update: optimal sell zone is 3505-3536Sell a little here, at prev Chikou resistance. If it spikes higher, use the move to sell in the zone between Tenkan and Kijun-Kumo-100WMA area. (Marked with parallel channel on the chart)
Forward Kumo twisted -> Bearish Senkou Span cross.
EWO and MACD are bearish.