SkylinePro

E100 - near the end of the counter-trend rally

SkylinePro Updated   
EURONEXT:E100   FTSE EURO TOP 100
E100 is tracing the end stages of intermediate wave(2). When it finishes, the downtrend to new lows will follow. It already reached 50% of retracement of wave (1) but it could continue up to around 2,780 before reversing the trend. A move below 2,550 would increase the odds that the trend already reversed. FOLLOW SKYLINEPRO TO GET UPDATES.
Trade closed: target reached:
E100 reached the target range and reversed, as forecasted

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.