SX5E After the US CPI data, the price did a new Low and regain very quickly ground. In hourly time frame this Low should be the end of the corrective WaveB of the pattern (ABC). An evident divergence in the RSI should be the a signal for a long target in area 3450 (WaveC) Confirmation should be provide with the breakout of 3368/3370
TVC:SX5Ehttps://uk.tradingview.com/x/uTYY6aRu/ With the minimun of the 9th February, which rapresent 38.2% Fibonacci retracement of the entire Elliot Wave's structure, should be concluded the corrective pattern (ABC). Short term target: Upside area 3450/3460 Just with the breakout of 3307 first target in area 3215/3220.
One day goes up and one day goes down It's better to wait for the break of the triangle formed by the intersection of the bearish channel and the red line of the fibonacci's fan Fisher indicator that could return bearish. The targets are 3605 in the event of a break up and the 3406 in case of break down
TVC:SX5E The amazing price action... -Reversal double bottom; -Major bearish trendline broken, the double bottom "neck" broken, validating the double bottom; -Found resistance at Bearish Butterfly territory; -Two targets for the Butterfly, the second @2933$ (618% retracement) will forge the 2618 bullish setup with initial and default targets around 3600$, the ...