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EU Stocks 50 Index

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STOXX50 trade ideas

Bullish, bullish, but... Take some coverWeekly: - Super performance, very nice bullish Ichimoku setup still, but... - Price is extremely far above Kijun Sen equilibrium - Major resistance is ahead at 3500+ - Four bullish weekly Heikin-Ashi candles with higher highs, but haDelta and haOscillator show weakness (early call for initial momentum problem), and if you have a closer look at this week's candle, it has a very tiny lower wick too! Daily: - Ichimoku is bullish - Heikin-Ashi is bullish - I only have question regarding MACD and EWO: will they start to build a minor bearish divergence? This market is certainly strong and not a good candidate for a swing short. (For a swing short trade you should look at SPX - see link below) However if you have long Stoxx50 / short SPX spread, or you are long Stoxx50 outright, you should consider to look for a cover.
FX:EUSTX50Short
by Kumowizard
Some deterioration. More pull back exp. below 4H supports.No doubt, the major strategic trend is bullish. However there are multiple signs for a local top, and possibility for more pull back towards daily support zone at 3344-3370: - Daily Heikin-Ashi shows some weakness - Daily MACD crossed down: sign of consolidation - 4H weak bearish Tenkan/Kijun cross, within a neutral Ichimoku setup. - 4H Heikin-Ashi weakness. Heikin-Ashi may give a sell signal below Kijun Sen. - 4H EWO shows absolute loss of short temr bullish momentum. Short term key support is 3400+. I enterred half unit Short at 3416 with Stop at 3341, TP target at 3360. RR is 2,2.
FX:EUSTX50Short
by Kumowizard
1
(Weekly) 1dbl bottom 2shoulders 1head 2necks & 1butterflyTVC:SX5E The amazing price action... -Reversal double bottom; -Major bearish trendline broken, the double bottom "neck" broken, validating the double bottom; -Found resistance at Bearish Butterfly territory; -Two targets for the Butterfly, the second @2933$ (618% retracement) will forge the 2618 bullish setup with initial and default targets around 3600$, the 127% extension, eventual ab=cd as 2nd target, a 3th and 4th targets above the 161% extension and 224% extension... -Ascending structure (at yellow) also with a possibility to "support" the price inside it, forging an eventual 3drives pattern in case of a failed Butterfly... directly testing the highs. -Bearish RSI and MACD Divergence, but looking left/back on previous price action history on similar divergences, the price just forged small degree corrective structures, resuming major trend later... That said... Safe Trades;
TVC:SX5EShort
by Andre_Cardoso