STOXX50 trade ideas
Two set play ideas for shortsBased on two recent resistance areas.
Large risk to reward ratio if we fall as far back as major support and still good even if we reach minor support (target).
ANALISIS DE LA COYUNTURA DE WALL STREETEl mercado desde el punto de vista de elliott, están claras las opciones conviven, opciones alcistas y bajistas, nosotros hemos operado la bajista, pero sabemos que la alcista es posible y el mercado nos dirá si estamos equivocados o acertados, esta es una de las veces que el análisis está mucho más claro que la operatoria.
You know when it is so bullish 1% down feels we are upEurostoxx 50 futs reversing right on the 200 day average. To buy the dip or not to buy it here?
Euro Stoxx 50 - 2 possible scenarios?As always, there is risk in the markets and these two scenarios, whilst both bullish, offer differing paths. The equity markets really took off on Friday......was that a 3rd wave in progress or a massive fake out (on dodgy employment figures). I wish I knew the answer.
Euro Stoxx 50 (EU50 fut) - Impulse wave patternEuro Stoxx 50 (EU50 fut) is in 3rd internal of 3rd C up in ABC zigzag wave pattern, which confirm by the steepness of price movement.
EUR - SX5E - Long position..Bullish sentiment returned?If the EUR SX5E Top 50 Can consolidate above the EMA price should continue up to the next level on the Fibonacci retracement before breaking down or ranging lower. This should create a stronger EUR in the FX Markets against both Major/Minor Pairs
EU50 Decision Level is nearEU50 Decision Level is near
Potential long continuation is posible but the price into a technical perspective due to the massive Doji formation
Lets wait for a confirmation in the market
Remember that fundamentals for European Union is not the best
Pair to look at EURUSD, EURJPY, EURAUD, EURCAD ...
Euro Stoxx 50 Index (SX5E) Peculiar BREAKOUT!
Euro stocks index broke below a horizontal neckline of a h&s pattern.
we have a nice conjunction of a daily/4h candle close below confirming the violation.
now the price retesting the broken level.
I expect seeing a bearish continuation to
2656 (next minor support)
2579
Eurostoxx 50 Short as bad news for europe come My startegy and fundamentals signaled a short on Eurostoxx 50.
If you would like more information and learn from me find me on Fiverr/vitezabraham.
Have a nice day!
Could Euro Stoxx and Bitcoin Signaling Warning?Well that was an eventful weekend. With less than 10 hours to go before the Bitcoin halving, the cryptocurrency markets are attempting a set up for a relief rally. In other news Federal Reserve Chairman Jerome Powell will speak on the current issues facing the U.S. economy later this Wednesday. Heading into this speech, it is difficult to bet against the market. I am conflicted though. There are warning signs. The Bitcoin and Euro Stoxx 50 charts could be providing hints.
Relief into Halving?
Over the weekend Bitcoin suffered a set back as it attempted a breakout above 10,0000. The weekly close will likely result on the rally officially ending. The proof : The weekly candle (not shown) ended in a doji reversal on spot exchanges and exhibited the highest volume since the March 16 weekly candle. Furthermore, the two month old bullish ascending trendline that supported that rally was finally breached (see daily chart below).
Price can absolutely rally in the interim. A reason would be the ridiculous CME Gap that many traders have already pointed out. See the 4-hour Bitcoin Futures CME chart below.
The picture on lower time frames is an absolutely mess unless you turn the noise off. Here I have the 1-hour line chart of Bitcoin. The king of crypto is exhibiting signing of an inverse head and shoulders pattern reversal. Given that the pattern is on lower time frames, I give it a lower probability in completing and/or reaching its measured target. Trade this pattern with caution, as the risk is still to the downside.
Bitcoin is poised to rebound from whatever low it posts in the short term. So it is very difficult for me to be bearish on the short term. However, that being said I will continue to emphasize that Bitcoin could be in for a lengthly consolidation prior to making any new highs. BTFD and sell the rallies. Bias: BTFD .
Europe Showing Sign of Weakness
Above is the chart of the Euro Stoxx 50 (EU50), an index that is made up of the 50 largest and most liquid stock in the European zone. After a 50% rally off the March low, the EU50 has not been able to reclaim its high. Europe could be signaling a warning for stock market investors and traders that the high may be in. Its a chart to watch! Bias: Bearish.
Stars Aligning for Rally to End
Not calling any top here, but I do think it is time to rethink the upside on the tech driven rally. With Bitcoin and now Europe exhibiting weakness, the warning signs are there that the rally is nearing an end. Until then, I'll be playing the relief rallies and promising set ups. Happy trading and talk to you all soon!
SX5E we see that the market has reached a strong resistance that's why it fell we see that it broke the first support then it touched the second support but it could not break it so it went up towards the first support which became resistance.
so if the market forcefully breaks this exact resistance the fibo level 0.38 there is a probability of going for the fibo level 0.5.
Traders, if you liked this idea or have your opinion on it, write in the comments.
