Euro Stoxx 50 Index bullish extensionEURO STOXX 50 INDEX: Potential for bullish extension towards 3,950 and 4,000 in the short term (5 to 25 days). This can be technically supported by the fact that current price is above its 4 and 40 week moving averages, the clearing above the 3,810 August (17th high) and the facts that both the 4 and 13 week rate of change indicators are above their respective zero lines (above zero), as well as the KST indicator crossing above its signal line. Therefore, long positions can be technically supported for the short term provided price can remain above the 3,810 support.
EUR50 trade ideas
EU Stocks - Winter of discontent incoming?We've had nearly a full month of UP-only FOMO buying in EU stocks, but has the macro changed? No. Have we averted disaster? No. Are we heading into an economic tornado and a deep winter of discontent? Quite possibly.
Global Recession is triggering As USA federal reserve government .. boost up another high rates.. this effects other big indices markets as well across the world.
The 4th time 75 basis points. This triggering global recession ad seems like it is coming. For EUSTX50 WILL DROP HARD .. should expect the bottom at 3000
If it doesn’t hold then 2600 area is a good area to buy.
Trade safe and this isn’t financial advice.
STOXX 50 Monthly Forecast Movements 1-30 November 2022 STOXX 50 Monthly Forecast Movements 1-30 November 2022
We can see that for this month, the implied volatility is around 7.3%, increasing from 7.18% of last month.
This is currently placing us in the 60th percentile according to ATR and 91th according to VDAX.
Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle to the close of the candle) is:
BEARISH Candle : 4.89%
BULLISH Candle : 4.46%
With this in mind we can expect with a close to 12.2% probability that our close of the monthly candle is going to close either above or below the next channel:
BOT: 3368
TOP: 3888
Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a :
75% chance that we are going to touch the previous monthly high of 3630(already happened yesterday)
25% chance that we are going to touch the previous monthly low of 3252
EuroStoxx - SX5E - further rise to developHey the "whale calves". Following the end of last bullish acceleration on Equities, the outlook remains positive - illustrated by the lower end of the ascending channel and the MAs that support the market. Considering that the market shaped a short term wave 3 up....preference to follow the rise to shape a short-term wave 5 at least. Have Fun - Stay Safe
EU50 Weekend update🌐📊🟠According Fundas we have monday will be most swing day i personaly suggest dont trade,Its good to be spectator🙇♂️
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🟡Scenario 1:Wait for comfirmation to breakout RS maybe area i just pointed top of RS if the price breakout that point we could be Long
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🟡Scenario 2:Price could be fall to our SP and if breakdown SP line expect more down trend.
EURO STOXX 50 Weekly Volatility Forecast 17-21 October 2022 EURO STOXX 50 Weekly Volatility Forecast 17-21 October 2022
We can see that currently the volatility is around 4.14%, falling from 4.33% of the last week.(using DAX volatility, which is highly correlated with euro stoxx 50/600)
At the same time, its currently place on the 75th percentile based on the ATR calculations.
With this in mind, around this percentile, we can expect an average weekly movement from the open price of the candle of:
In case of a Bullish movement : 1.94%
In case of a Bearish movement : 2.35%
With the current volatility point, we have a 19.5% probability that the end of the weekly candle is going close either above of below the next channel:
TOP : 3529
BOT : 3235
At the same time, there is currently a 75% probability that we can touch the previous high of the weekly candle 3450
And there is a 28% probability that we can touch the previous low of the weekly candle of 3250
Lastly, currently the rating from the moving average is around -78% indicating a very bearish trend(and we can confirm this since november 2021)
EuroStoxx - SX5 - Bullish above 3298Hey whale calfs - the market is lying on a support area and no reason to have a break below 3298 (right below the 3300 psychological hurdle), to reconsider a new rise. Moreover, the Hourly-RSI is lying a critical support area at 27% and is posting a bullish diuvergence, leading credence to this new upside move. Have fun - Stay Safe
AT LEAST MINIMUM 1600 PIPS FOR THIS WEEK KICK OFFEU50 is at overall down trend and the brief retest after friday NFP allowed the market to touch the 0.5 & 0.618 Fib levels confirming the new price wave,fall to TP1 @ 3252 and TP2 @ 3184 just few pips before the most eminent support region.Risk mgt is important...tgerefore SL should be placed just few pips after the most recent high at that 50 & 0.618 Fib region
SX5E - Euro Stoxx 50 - Perspective, Perspective, PerspectiveI heard Ray Dalio shorted. I heard Putin has Europe by the b****. I heard there's a recession coming.
But do you know what? I don't care about any of these, nor do I care about any rumors, tips, subscription services or whatsoever in order to make my trading decisions.
The charts are my one and only telescope.
Further, I do not use this telescope to make any sort of forecast by any means. I have no clue what the market is about to do. I just know, pursuant to the charts, what would prompt me to identify a favorable scenario probabilistically speaking as well as a favorable risk to reward scenario.
And even then, the odds are I wouldn't trade it, because there might be other set ups out there which offer me more favorable conditions and full compliance with my trading system, which I have trained myself to execute flawlessly after a long and hard journey of staking mistakes and golden teeth.
Oh, and that's a breakout from an ascending triangle ... with a breakout back in 2019. Full analysis in my web.
Cheers
Jamie Gun2Head Idea - Selling EU50Trade Idea: Selling EU50
Reasoning: Looking for secondary aggressive selloff
Entry Level: 3602.0
Take Profit Level: 3476.0
Stop Loss: 3634.0
Risk/Reward: 3.94:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - Gap fill on EU50Trade Idea: Selling EU50
Reasoning: Head and shoulders top with a gap fill
Entry Level: 3765
Take Profit Level: 3700
Stop Loss: 3785
Risk/Reward: 3.58:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
EU50 - Daily - Possible Short Opportunity
Hello Traders,
This graph shows the EU50 index on a daily timeframe.
The graph shows the convergence between actual downtrend channel and EMA100. It also shows a level of resistance on the RSI indicator.
Impact points on resistances and EMA100 are shown by red dots.
The EU50 might go a bit higher but shall reverse downtrend
Do not hesitate to comment
Regards,
Joe Gun2Head Trade - False breakout on EU50?Trade Idea: Selling EU50
Reasoning: False breakout on EU50? Bears to return ahead of ECB meeting?
Entry Level: 3955
Take Profit Level: 3533
Stop Loss: 3621
Risk/Reward: 2.31:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
EUR Index ( Are we going to enter wave 4 Elliot ? )According to the checks I made in the previous trend, I found that the previous wave is a corrective (ABC); As a result, I was looking for signs of the beginning of a broad 5-wave pattern.
According to the type of behavior and movements of this index, the beginning of a 5-wave was confirmed.
Currently, this index is in the 3rd wave of its trend, hence the sharp decrease and lack of expectations of increase and correction seems normal.
From this point of view, it cannot be said definitively whether wave 3 has been completely completed or not; But in my opinion, it is very important not to lose the number 3400, because it can be called the end of wave 3.
If this number is lost, there will be no significant support until the number 2900 and there will only be small corrections in the direction of bigger falls.
Note: In order to ensure the end of wave 3, it is necessary that the blue trend line must be broken and this failure must be done with a powerful candlestick .
With the breaking of this line, the low time frame trend of this analysis will be completed, and the end of wave 5 can be considered at 2900; Otherwise, this analysis will no longer be applicable.
Be successful and profitable
Eurostoxx Ultimate Pivot PointsReading charts is just one part of trading a bear market, another highly significant part is a solid understanding of market psychology, heuristics and biases. Having spent 14 years in a QE fuelled bull market where there were few inexplicable events and certainly no major forced liquidation events, it is easy to understand why so many participants get so excited about two days of asset flows out of commodities and into tech names. Yes, the market can go higher from here, yes it can go lower, but calling a major bottom and repeatedly getting attached to these short squeezes is all part of the psychological conditioning that has been happening to many over the last 14 years. Therefore we would suggest waiting for extremes where there is nobody else left to buy or sell, this is where the odds are stacked firmly in one's favour. Patience. Discipline. And more patience.