FESX1! trade ideas
The Euro Stoxx 50 is showing a probable Bullish move on the 30MSince the market could not break the strong resistance area at 3169, the market will keep going bullish. But if the market breaks the support area with a strong bearish candlestick, then the market may go bearish. We will have to wait and see.
A very strong sell Signal on the 30M chart!After studying the chart of this morning, i saw a very strong signal confirmed by the break of the resistance area at 3169. The market retested the area and showed a strong momentum towards the bottom. The market is still heading towards the strong support area at 3126. You may exit there but if it breaks that area, you should sell the market as it may collapse.
Harmonic pattern + VWAP bullish signal expectation1st target is the vwap and the same time 38.2% Fibonacci level.
If the VWAP is broken, the 2nd target is the 61.8% (this is in case the market doesn't bump into the VWAP)
Focus on The volumes to confirm it (don't forget that trading is only about probabilities)
EURO STOXX: Technical WeaknessWe observe technical weakness in EURO STOXX with a SHS breakdown and significant volume.
We are short term bearish but are looking to buy indices on retracement.
Reiterate stand of relative outperformance by stock picking in this moment with fundamentally good stocks around a "lockdown" theme (i.e. e-commerce, tech).
EnsoAM
Euro Stoxx 50 might go down to 2730Euro Stoxx 50 is forming a nice cup & handle pattern on the 4h chart.
In case of invalidation of this pattern (break of the handle support around 2850), it would likely head to its Kijun around the 2730.
You could put your stop just above the resistance level of the pattern around 2900.
analysis technique FESXHi friends
today I will analyze a market for all those who follow me on this platform and as you see on the graph there is a high probability that after a slight increase it will experience a bearish trend in the coming days until the level of 2220
we consider that it is better to sell than to buy on this market
please help me with your subscriptions to continue sharing my knowledge and analyzes with you
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Short corona VirusMarket is reacting to Corona virus. Virus is likely to spread all over Europe in next 2-3 weeks.
Market already broke the channel. Next target for shorts is the green box on the chart 3200. Will close the position when vaccines is made available to the market. Until then, not closing my shorts :)