The Down Trend Line Breakout and some other key factors of fundamental analysis assure that the next-looking scenario is a long trade now. if you love the analysis then make sure to follow me and like the post.
Euro Stoxx futures are looking highly toppish, trading near important resistance levels, Elliott Waves targets and showing bearish momentum,
There is a possible huge downside scenario that would imply a more than 80% correction on the index, towards the 831 level.
A breakout above the recent highs, near 4513, would invalidate this view.
DESCRIPTION: In the chart above I have made my best attempt in attempting to provide a MACRO VISUAL AID for the current state of the EUROPEAN MARKET.
POINTS:
1. DEVIATION was estimated using highest point of 5500 POINTS & LOWEST POINT OF 2000. POINTS were summed and divided by 2 giving an average and same was done for all other SUPPORTS (WHITE LINES).
2....
Hey the "whale calves" - following the nice bullish move on Stock Indices - in Europe mainly, the market needs to take a breath. Ideally, it should take place on the current level, to shape a bearish consolidation in a wave 4/ (Elliott waves prospective), before resuming the rise. The market is currently testing the upper end of its red channel, also corresponding...
EURO STOXX 50 Volatility Forecast 19-24 Sep 2022
The current implied volatility is +- 129$ from the current opening of the weekly candle, 3499$
With this in mind, we have a 80% chance that the market is going to stay within the range:
TOP: 3631
BOT: 3366
At the same time, we can see that the average weekly candle, is around 2.1 - 2.46%
From the technical...
Type : Bearish Drop
Resistance : 3569
Pivot: 3503
Support : 3433
Preferred Case: On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop to the pivot at 3503 where the pullback support is. Once there is downside confirmation that price has broken pivot structure, we would expect bearish momentum to carry price to the...
Type : Bearish Drop
Resistance : 3569
Pivot: 3503
Support : 3433
Preferred Case: On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop to the pivot at 3503 where the pullback support is. Once there is downside confirmation that price has broken pivot structure, we would expect bearish momentum to carry price to the...
Type : Bullish Rise
Resistance : 3851
Pivot: 3742
Support : 3659
Preferred Case: On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 3742 where the pullback support is to the 1st resistance at 3851 where the swing high resistance, 161.8% fibonacci extension and 78.6% fibonacci projection...
Type : Bullish Rise
Resistance : 3851
Pivot: 3742
Support : 3659
Preferred Case: On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 3742 where the pullback support is to the 1st resistance at 3851 where the swing high resistance, 161.8% fibonacci extension and 78.6% fibonacci projection are.
...
Type : Bullish Rise
Resistance : 3851
Pivot: 3744
Support : 3659
Preferred Case: On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise to our pivot at 3744 where the pullback resistance, 78.6% fibonacci retracement and 161.8% fibonacci extension are. Once there is upside...
M1 : ATH @ 4036; Ongoing trend reversal in progress !
W1 : Bearish engulfing in progress (wait W1 closing for confirmation)
TS under attack, first significant support @ 3765 ahead of 3597, 3462 and
3326 (clouds support zone in this time frame)
D1 : Double top formation in progress coupled with a bearish divergence
trigger level @ 3882 (which should be confirmed on...
99% dax,stox50 will go down to touch ema200 60min(green line) be sure this way in april will happend
we advice dont fear sell above 3825 and put bbuylimit on 3800(put sl=3765 tp=3975)
AC (or stoch 5-3-3) in 4hour chart show buyer pressure is high
we advice stand on buy side ,dont sell
we predict 2021-2022 is bull market ,enjoy buy market
we advice looking for buy ,dont pick sell ,all company earnings come + too , this new down move is for force new trader open sell !!!!
when price is above daily Ema200(orange line) never never sell,looking for buy
our target is 3900
