Euro Stoxx 50 index - Symmetrical Triangle formation.50/50 bias formation. Mostly like bullish outbreak, given positive signs in US Equities.
EUSTX50 trade ideas
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
Euro Stoxx 50- Major breakout inevitable.Euro Stoxx 50- Major breakout inevitable. Symmetrical triangle formation breakout will be violent. 50/50 chance of either bullish or bearish breakout.
EURO STOXX 50 junto IBEX 35Esta es una idea muy lejana y que por tanto seguramente sea poco probable... pero... aquí mi idea...
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.
Short to 2.860, later 2.560 EuroStoxx50 should now go down the gear that DAX and Co have already gone in recent months.
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!
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.
Pullback to the 50% Fib? Monitoring the pullback, possibly to the 50% fib.
Look to short if price resists the resistance area shaded. Previous support area on the daily chart.
Await for the ADX above 25 and stoch to confirm downword momentum again.
Now on a downtrend <daily chart- keeping with the overall trend.
SX5E wave3 in formation....TVC:SX5E
Definitely left the range with top 3440, which is now the first support and up to where the price could retrace, the scenario is positive with the next target posted in area 3530/3550 which should be the end of wave3 of the new Elliot structure.
Current exposure: Delta neutral
Delta positive just with a daily close above 3470
SX5E daily analysis.TVC:SX5E
After having tuch another time the bottom of the range, the price regain ground till reach the top.
Tomorrow, on hourly close above 3440 is confirmed the target at 3470 first, then to 3500.
Scenario will change just with an hourly close below 3400.
