UPD: $STOXX50 European stocks at first target Completed bullish gartley PO at 2000 area $FEZ, $EURUSD
FESX1! trade ideas
EUROSTOXX with great potential, weekly chart though. I don't know why, but the longer I look at the EUROSTOXX 50, the more bullish I get. There are two distinct ways it will work out.
Door 1: Rally direct. That would mean no more significant lows. Follow the green line, maybe a little lower low, but not much. Here the sky is the limit and as a stop 2600 has to hold.
Door 2: Umleitung. We see a significant low between 2400-2600 and then up. Here the upmove would be limited to 4000-4500.
If I have to choose, I would take door one.
Make or break ? Confluence of support just above the psychological level of 3000...
waiting for the candle to close...
make or break ? Confluence of support just above the psychological level of 3000...
Waiting for the candle to close.
