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Possible cypher formation on the Euro Stoxx 50

Short
Euro Stoxx 50 Index (FX:EUSTX50)  
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FX:EUSTX50   Euro Stoxx 50 Index
euro eurostoxx stoxx eurostox50 Equity Daily Charts Cypher Fibonacci structure short shortsetup
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euro eurostoxx stoxx eurostox50 equity daily cypherpattern fibonacci structure short shortsetup
The support line on the downtrend was broken towards the end of February, and we are currently seeing a rally after the pullback.

Perfection of the black trend line crossing the triangle from the cypher.

If this rally continues to 3178 then we will have a cypher pattern completion and could go short.

Profit targets indicated by the green boxes. Stop loss indicated by the red box.
Comment:
Hopefully this continues to rally on the ECB news and forms the cypher.
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