EUSTX50 trade ideas
Euro Stoxx 50 - Historic resistance zoneThe area between 3820 and 3900 in the Eurostoxx 50 has been tough resistance MANY times in the last 20 years... sure the prize for breaking through it could be a fantastic rally for the bulls, but failure to do so could result in another historic drop... Do you know FOR SURE how this one will resolve? If so, please let me in on that, 'cause i don't have a clue. For know. Price will tell us what it wants to do. Hopefully we'll be fast enough to jump in, be it on the leveraged long side, or on the leveraged short one!!!
Elliott Wave View: Further Upside Expected in EurostoxxShort term Elliott Wave View suggests that Eurostoxx rallies from January 28 low as a 5 waves impulse Elliott Wave structure. Up from January 28 low, wave 1 ended at 3742.53 and pullback in wave 2 ended at 3622.24. Internal of wave 2 unfolded as a Flat where wave ((a)) ended at 3643.33 and bounce in wave ((b)) ended at 3728.65. Index then resumed lower and ended wave ((c)) of 2 at 3622.24.
Index has resumed higher in wave 3. Up from wave 2 low, wave (i) ended at 3696.91 and dips in wave (ii) ended at 3671.63. Index then resumed higher in wave (iii) towards 3728.47, pullback in wave (iv) ended at 3707.72, and wave (v) ended at 3742.50. The 5 waves move completed wave ((i)) in higher degree. Index then ended pullback in wave ((ii)) at 3656.63. Wave ((iii)) of 3 is currently in progress as another 5 waves in lesser degree. Up from wave ((ii)) low, wave (i) ended at 3714.26 and wave (ii) pullback ended at 3666.38. Expect wave (iii) to end soon, and Index to pullback in wave (iv) before it resumes higher again. As far as pivot at 3656.63 low stays intact, expect Index to extend higher and dips to find support in 3, 7, or 11 swing.
EUSTOXX50, sellHow to use TP!
When the order price breaks down Tp1,
you wait for Tp2 and SL moves to Tp1,
so as to secure earnings.
So with Tp2 to Tp3.
When we publish the closing of a position, you close it.
When the order comes to SL, always
consult with us, do not close the order.
Follow your open positions!
NOK replaced in Euro stoxx 50 indexI think the Euro stoxx 50 index has a better situation than other indexes. NOK needed this to lift-off.
Microchip maker Infineon Technologies is going to replace telecom equipment maker Nokia (NOKIA.HE) in the Euro Stoxx 50 , Stoxx said late Monday. The move is effective March 22 . Stoxx didn't provide an explanation, but microchip makers have been buoyed by strong demand and a shortage of supplies. In early trade, Nokia slipped 1.3% while Infineon slipped 0.4%.
EUSTOXX50, sellHow to use TP!
When the order price breaks down Tp1,
you wait for Tp2 and SL moves to Tp1,
so as to secure earnings.
So with Tp2 to Tp3.
When we publish the closing of a position, you close it.
When the order comes to SL, always
consult with us, do not close the order.
Follow your open positions!
Euro Stoxx 50 - A break of 3625 is my short signalOn a break of critical support at 3625, SX5E will at least fill the gap in the 3535 area. It's also the target of the ominous H&S that's been formed. A negative open tomorrow will increase the odds of this break significantly. Be ready to pull the trigger on this one.
SX5E - On track to the topAs we said in the previous analysis of this index last week, the price moved upwards and we think it will reach the important resistance area marked on the chart. However, there could be corrective moves that could reach the blue trendline formed by connecting the lows of December 18th and January 28th.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Eurostoxx Showing 5 Waves From March Lows Favoring More StrengthThe Cycle from March 2020 low in Eurostoxx shows an incomplete sequence favoring more strength in the index as far as it remains above 3476.57 low seen on 1/28/2021. In the chart below, we can see that wave (4) unfolded as a double three structure where wave W ended at 3540.25 low. Wave X bounce ended at 3607.42 high and wave Y ended at 3476.57 low. After reaching the 3489.97- 3462.15 100%-123.6% Fibonacci extension area of W-X and saw a strong reaction higher.
Above from there, the rally higher took place as an impulse structure where wave ((i)) ended at 3567.06 high. Wave ((ii)) ended at 3481.44 low, wave ((iii)) ended at 3632.67 high. While wave ((iv)) ended at 3599.36 low. Wave ((v)) ended at 3681.82 high & thus completed wave 1. Below from there, the index is doing a wave 2 pullback to correct the short term cycle from 1/28/2021 low. The internals of that pullback is unfolding as an Elliott wave double three structure where wave ((w)) ended yesterday at 3628.47 low. And as far as it remains below the 3681.82 high then wave ((x)) bounce is expected to fail for another leg lower in wave ((y)). To complete the 7 swings structure before resuming higher again.
SX5E – Going to the topEuro Stoxx 50 is a leading blue-chip index for the Eurozone, providing a representation of the leaders in the region. The index covers 50 stocks from 8 European countries.
Technically, following the coronavirus crash in February-March 2020, the price has formed an uptrend that we think will reach the resistance area of 3840-3880. If the price corrects deeper before going to the top, the targets for continuation are the 3400 rectangular area and the blue trendline that connects the low of March 2020 with the retracement of October 2020.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
EU50Red alert for short traders : i can see strong bull on the to shoot above 3800
Looks bullish only
Buy at any CMP or dips target mentioned level
EUR STOXX 50 H&S I'm shorting here after clear break, retest of the H&S neckline.
Stop would be a few points up the neckline and profit is showing in price range bars.
Indicies have wind back in their sailFED talks of their ongoing support and QE, have rekindled some bullish sentiment.
For me, going into tomorrow, we should have a few things on offer.
I'm not buying too much though. Just some of the most opportunistic trending stocks. Keeping exposure down, cos it's just too rocky.
Fingures crossed we get a nice powerful push up to help our long positions finish the month strongly.
Eurstoxx lowerThe rising wedge off a strong rally Eurostoxx50 shows us that the momentum on the higher is declining and inability to push to higher highs as easily.
Market closed below support signalling to further bearishness in the market.
This is a good entry however a pullback is also likely
EURO50 STOXX50 SHORTGreen lines take profit 1 and 2, when hit take partial profits and move to break even
Euro STOXX ritorna a puntare quota 4000Ho aperto Long. Poche storie, vaccinazioni e stimoli monetari porteranno l'indice a quota 4000 e oltre.
Do you see what I see?I think there might be a pull back for the cyclicals in europe. Some kind of negative news I predict will unsettle this sector of the market. This is a heavy resistance level and has reason for a pull-back
