EUROPE50 trade ideas
DAX & EU50 indexes I will open buy near mirror levels because
- Price broke up mirror levels and Downward trend
- Potential profit in 5 times bigger than a risk
SX5E, SHS pattern forming on D1: SellSX5E, SHS pattern forming on D1: Sell
- SHS pattern forming
- Breakout neckline
=> Sell
STOXX50 - H&SH&S pattern forming on the daily of STOXX50.
Target ~3120. Stop at top of right shoulder at ~3445.
Dashed lines: support / resistant zones.
Flag at EUROSTOXX 50 ?Flag at eurostoxx 50? maybe good money in it., im short in usoil as well, it can drive the markets down a bit more.
"Top and Bottom Analysis" EUROSTOXX (EU50EUR) by ThinkingAntsOk4H CHART EXPLANATION:
Main Items we observe on the Chart:
- Price broke the Ascending Channel and, then, bounced on the Resistance Zone.
- If price breaks the Ascending Trendline at 3381, it has potential to move down towards the Support Zone at 3300.
We are looking for Sell Setups on lower timeframes.
MULTI TIMEFRAME VISION:
- Weekly
- Daily
SHORT EUSTX50 @ 3475 Global markets are turning to bearish due to Trump's tariff twitter. For short, I believe Eurostoxx 50 is a nice object today. A strong bearish bar has broken the structure. Just wait for a step-back opportunity and sell it.
Entry: 3475
Stop: 3516
TP1: 3434 (We can trail it for more profit.)
"Top and Bottom Analysis" EUROSTOXX 50 by ThinkingAnts4H CHART EXPLANATION
- Price is currently on an Ascending Channel and, after bouncing on the bottom of it, theres potential to move towards the top.
- Price is above the previous resistance, trying to mark new max. It is currently in a Bullish Corrective Structure to continue the up move.
- If price breaks 3457, the target prices are determined by Fibonacci Levels (3502 and 3556,8).
Updates coming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
Eurostoxx 50 coming up to supplyJust looking to short as currently there is divergence on indicators and we are retesting an old supply level,
This has already been tested but immediately rejected, but am aiming for this to get back to the 50 ema for a nice R:R short trade
I'll #BUY #European #Indices Monday
For half a #week
#Breakeven &/or
#LongTerm #LONG
(to be continued: )
#StopManagement and #Exit after Monday's Entry
#European #Indices
Eurostoxx 50 Daily Wave 5 Cluster Level - Looking to shortLooking to short Eurostoxx based on the higher time frame fibonacci cluster level and the projected wave 5 of 5 completion with RSI overbought at 75 (not RSI's mean much on it's own)
Looking to short around 3400 targeting multiple targets from 3375 down to 3158,
See how we go...
Eurostoxx 50 Weekly Fib Cluster LevelThere is a fibonacci retracement cluster on the weekly chart of the Eurostoxx 50
This ranges from a long term 61.8% up to a 88.6% retracement using the various peaks and the same low point formed last December 2018
There is also a clear 5 wave advance from the lows which has formed a wave 5 of 5 , which also has a fibonacci extension cluster on the daily chart with Overbought RSI indicators
I'm planning to enter orders to sell around 3400 looking for a retracement to at least 3325 with the view it could eventually retrace back to wave 4 of the higher degree which would be around 3150 area
Potentially high reward to risk short trade with a combination of timeframes and indicators suggesting a short term top may be near
I will be entering a pending short order given the time frame and shear number of fibonacci cluster levels
Chart Analysis - Euro IndexWill touch 423.60% level. Usually correction will be occurred after touching 423.60% level. Be careful!
It's all about risk/reward ($FESX weekly)I don't say it is something to short, but it is certainly not a good risk/reward to buy or stay long in Eurostoxx50 at these levels.
Weekly parameters:
- Ichimoku setup is neutral.
- EWO is back to neutral
- Heikin-Ashi candle is still bullish, but haOscillator shows an early warning signal of a possible momentum loss ahead in coming weeks.
- Price reached a very important key resistance around 3310-3320
- Lower support is at Kijun Sen level 3180.
+ fundamentally Europe is close to a recession.
The bull run (or we may also call it a pull back) may take a pause in coming weeks. What is the chance for a dip to/below 3200 is early to say now. Such as it is early to decide what we had to do there should we reach it.
Again, think less about the future, consider more present risk/reward.
Idea: reduce European Equity exposure, maybe buy some put spreads.
