iShares MSCI Europe Financials ETF forms bullish "Symmetrical Continuation Triangle" chart pattern "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on iShares MSCI Europe Financials ETF (EUFN:NASDAQ). This bullish signal indicates that the stock price may rise from the close of $18.44 to the range of $20.90 - $21.50. The pattern formed over 17...
As mentioned before (Dec 6) US Banks are in trouble Banks profits shrinking Today I will say the same for EU financials. If you are a financial bull in Europe you don't want to see this break!
Bank on Dec 20, 2021, I first warned about EU banks It went against about 12% before it collapsed almost 30% from the classic double top. I was warning that the yield curve was in the death dive and this was bad JuJu! I also warned about US Banking XLF on Dec 6, 2021 Since then all charts have confirmed my analysis like Magic! Unfortunately, few saw the...
Seems like the monthly RSI is breaking above an important pivot line. I think I'm going to buy a few shares in early December if this holds through the end of November.
A huge "potential" Head And Shoulders is forming since 2010. Prices are not very far from completing its Right Shoulder and the entire H&S formation. Measuring from the Head to Neckline, it has a price target of approx $12.79 downwards from the neckline. The 2 possibilities will negate this H&S formation: (1) A non-break of the neckline and leading to upside...
Breaking TL from '16 panic summer low
No need for more comments for this chart.. If the EU financial Sector rolls down with wave 5 then DAX will follow..
I think we can get a retracement in the financial sector, and Europe is in worse shape than the US in general. It wouldn't surprise me to have some negative news pop out, surrounding Italy's referendum, Deutsche Bank, Italian Banks, UK banks, Brexit, etc. Quite a few potential catalysts for volatility, so, if we see this ETF break the linear regression channel...
Wolfe Waves 1-4 Line target reached. Potential IHS pattern. Some catching up. Supported by recent ECB actions. Target_1 : 25.28 Target_2 : 26.00