My Dear Robbers / Traders,
This is our master plan to Heist Bullish side of EURO STOXX50 based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish...
The Euro Stoxx 50 has recently reached the lower boundary of its trading channel, suggesting that it may be poised for a potential uptrend. Upon analyzing the chart, two likely scenarios have emerged: a double bottom formation or a rectangular trading range. Of the two possibilities, the double bottom pattern appears to be the more probable outcome.
Euro Stonks are raging higher
Euro zone growth has been terrible ever since the inception of the #EU and especially with the introduction of the common currency.
(common currency but uncommon debts)
Why are they going up now
Are they simply playing catch up
Is the ECB going to engage in FED like stimulus and PPT activities?
Currency devaluation
or actual...
Hello Everyone,
The EUSTX50 has discovered support sooner than anticipated! It's crucial now for the price to maintain its position above the 1-month pivot point to sustain a bullish momentum. Currently, there's notable activity from sellers. In the short term, what's imperative is for the 1Y strong resistance point @ 4982.06 to transition into a support! ...
The week has started with the British index closed for the Bank Holiday at the beginning of May. Europe faces Spanish unemployment rates and PMI data from several countries including the Eurozone. These are expected to be slightly positive and the market has started off higher all morning on all European indices with slightly more positive forecasts than in their...
Hello Everyone,
The 1M/1W/1D PP for EUSTX50 has functioned as a resistance point, indicating a potential further decline, possibly even testing the 1Y Support level, before any bullish momentum resumes.
TradeWithTheTrend3344
Hello Everyone,
EUSTX50 is at a crucial juncture, having recently rebuffed monthly support and now testing the resilience of its weekly and daily support levels. These support zones have been met with resistance around the Pivot Points (PP) thus far. Should the current supports fail, a descent towards yearly support becomes a distinct possibility. Despite this...
The market has opened today Thursday with a restrained opening dominated by the mood that may be caused by ECB President Lagarde today at noon, in its monetary policy with the aim of cutting interest rates. Interest rates are likely to remain on hold until the summer where both the Fed and the ECB will continue to make a measured monetary policy move, as the ECB...
Hello My dear Indices Traders,
This is our Day Trade master plan to Heist Bullish side of EUROPE 50 Market. my dear Looterss U can enter at the any point above my entered area, Our target is Red Zone that is Hgh risk Caution area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there...
- The market has been registering higher highs and lows since November 2023, leading prices to a new historical high above 5,130pts. The long-term trend is therefore bullish.
- Today, the market has registered a strong failure below 5,132pts, which led prices back to their mid-term bullish trendline around 5,050.0pts.
Both EMA are stalling while the RSI has...
demand for EU50EUR has been on a sustained up trend for several weeks now, and discounts has been offered miserly based on the 10EMA as seen on previous Black Friday Sales.
I have placed an Buy Limit near the 10EMA discounted zone, expecting the order to get triggered.
Since this trade is being read on the Daily Time Frame, the amount of time it would take for...
In midst of fear of recession after normalisation of yield curve inversion, stocks are showing powerful strenght !
Not only S&P500 and Dow Jones are printing new ATH. Also European stocks are showing extraordinary strenght !
This is very bullish for digital assets.
If recession comes, it will eventually be after a melt up.
Pivot
4895.00
Our preference
Long positions above 4895.00 with targets at 4930.00 & 4946.00 in extension.
Alternative scenario
Below 4895.00 look for further downside with 4884.00 & 4871.00 as targets.
Comment
The RSI is mixed with a bullish bias.
Supports and resistances
4960.00
4946.00
4930.00
4915.00 Last
4895.00
4884.00
4871.00
Number of...
After opening with a corrective gap on the Eurostoxx 50, after closing at 4,885.74 points, today we have witnessed a strong buying presence . The all-time high of 4,564.03 points , set in 2008, was surpassed on January 12 after a technical rebound following the Epiphany holiday. Since last Thursday, the index seems to have consolidated a range between the new...
It is essential to understand the dynamics and correlation between the main European indices and the EuroStoxx 50. The EuroStoxx 50 is mainly influenced by the German DAX and the French CAC40, showing a strong long-term correlation between these indices. Although this high relationship is evident in the three major indices , it is not observed to the same extent...
Likely to rise to resistance level 4700.00
EUR50 index is under the bullish pressure now after the price broke above the resistance level 4585.00 (which stopped the previous impulse wave 1 at the end of last year).
The breakout of the resistance level 4585.00 follows the earlier upward reversal from the 4465.00 (former major resistance from 2023, acting as...
- the market has been trading lower and lower, within a bearish channel since mid-December 2023. The medium-term trend is therefore bearish.
- This bearish channel occurs as a continuation flag pattern, correcting the bullish trend that began in October 2023.
This correction was explained at the fundamental level by fading hopes for a dovish change in monetary...
