Despite the narrative around Europe and its markets, there's surprisingly a sharp turnaround ahead. It's all thanks to those egregious errors engineered back in February. Whatever hand forced them to print has already lost their position and is now out of the market. The current sells we're seeing are just data entries setting up an explosive measured move toward the 88 level on the 1W chart.
A quick glance at the 1W chart will entice all the noobs to start stacking sells and going all-in short, creating easy order pairing. Since the EU is in no hurry to show their hand, they'll simply ride the bearish narrative until the real global market sell-off happens. By timing it this way, they'll set up for an astonishing bounce while most markets slip lower. Part of their buy-side confidence probably comes from belief in their AI unicorns—Europe does have a formidable trio backing them up.
The daily chart screams a sell-squeeze nuke is incoming. I'll enjoy watching the flood of "EU economy in trouble" articles hitting the wires this month, but mark my words—they will have a face-melting bounce. I'd call it a full turnaround, but knowing Europe and their track record, I wouldn't be surprised if they somehow mess up their beautiful CC entry.
A quick glance at the 1W chart will entice all the noobs to start stacking sells and going all-in short, creating easy order pairing. Since the EU is in no hurry to show their hand, they'll simply ride the bearish narrative until the real global market sell-off happens. By timing it this way, they'll set up for an astonishing bounce while most markets slip lower. Part of their buy-side confidence probably comes from belief in their AI unicorns—Europe does have a formidable trio backing them up.
The daily chart screams a sell-squeeze nuke is incoming. I'll enjoy watching the flood of "EU economy in trouble" articles hitting the wires this month, but mark my words—they will have a face-melting bounce. I'd call it a full turnaround, but knowing Europe and their track record, I wouldn't be surprised if they somehow mess up their beautiful CC entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.