Get started
EURO STOXX 50 IndexEURO STOXX 50 IndexEURO STOXX 50 Index

EURO STOXX 50 Index

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

STOXX50 trade ideas

Ain't bullish... turns down from Kumo. 3100-3150 retest?Eurostoxx50 had a decent counter trend / bear mkt rally (short squeeze?), but picture here is a lot different than in SP500. Actually this index is still very weak! Please see my SPX and my previous long term STOXX50 posts! Daily: - Ichimoku setup is neutral, with a thick Kumo ahead of price, and with Chikou Span at past candles. Market has had a high level of volatility recently, this will not change in short term. - Heikin Ashi possible top signal yesterday, confirmed by bearish signal today. Price started to decline again after testing Kumo (bearish support). - Lower supp/res area is 3100-3150, this will likely be retested. - Will it make a short term inverse Head and Shoulders patter there later and spike again, or will it break down and target 3000, this is uncertain and would be very subjective to forcast now! 4H: - Bullish technical picture and momentum is deteriorating. Ichimoku losing bullish bias. - Heikin Ashi is increasing bearish, with a lower low today - Possible supp/res levels 3190 / 3150 / 3122
FX:EUSTX50Short
by Kumowizard
1
Story of a giant grizzly's Head and ShouldersIt takes extremely long time to develope such a pattern on a weekly chart. But when it is confirmed, it will have a very serious consequence. Weekly: - Bearish Ichimoku setup, but not strategic bearish until clearing previous low of 3000. In fact I think this market is building a huge bearish Head and Shoulders pattern. I think we still have 3-4 months to finish the right shoulder, and during this long time period market has chance to move in this wide range of 3000-3350! After all, there is ECB money printing, so 3000 will likely be bought from time to time. However the really good risk reward is to sell spikes on any visible weekly exhaustion, so short this index in 3250-3350 range from time to time. - Heikin Ashi signal is counter bullish. You have to watch price action on lower time frames too whenever haDelta's SMA3 reches zero line again. Daily: - Due to short squeeze price retested Kumo and changed Ichimoku setup to more neutral from extreme bearish. Thick Kumo ahead. - Heikin Ashi has a clear warning signal for bullish exhaustion! Look at candle position and haDelta. Since this possible exhaustion is happening ard Kumo resistance, it can easily turn into a pull back to retest 3100-3150 again. - Market has to be treated as Bearish until trades below 3330! Get out of all longs, open some counter shorts
FX:EUSTX50Short
by Kumowizard
2
Consolidation followed by bearish continuationWeekly: - Ichimoku turns firm bearish! Price continues to drop below the Kumo. Chikou Span may give confirmation signal soon by crossing below past Kumo. - Heikin Ashi is increasingly bearish. After minor consolidation for 2 weeks, we have a firm bearish signal: red candle without upper wick + haDelta/SMA3 bearish cross below zero line. Daily: - Ichimoku setup is firm bearish. Price turned down from Kijun Sen. - After some longer consolidation and a lot of noise, Heikin Ashi turns firm bearish again with increasing momentum.
FX:EUSTX50Short
by Kumowizard
European equities trade neutral before NFPShort term bullish idea worked yesterday, but later price action faded after briefly touching 3290 resistance. By now it is back to neutral. - 4H Ichimoku setup is absolutely neutral: Price, Tenkan and Kijun all within Kumo, Chikou hit past candles. Price trades around equilibrium (Kijun Sen) (0) - There is some possible short term bullish trend bias, and a medium bullish Tenkan/Kijun (+) - Heikin Ashi is bearish biased, but for further bearish acceleration candles should continue printing new lows. (-) - Bullish above 3245 and especially above 3290. Bearish below 3185. I have no clue how it will move, but looking at other risk measuring instruments and drivers (EURUSD, Gold, Oil, EM ccys), I don't see the matrix as too bearish short term. Maybe 55-45 chance that equities will catch up and trade higher by the end of the day, but this is not enough to bet, and we are not gamblers. Stay tuned, place your stop buy and/or stop sell orders, and trade when you see a reliable signal.
FX:EUSTX50
by Kumowizard
1
Mixed signals, consolidation. More up if ECB dovish?Daily: - Ichimoku setup is bearish, with key suppport ard 3330-3340. However this index is quite volatile, can move very agressively, it easily penetrates and crosses averages. - Heikin Ashi seemed bearish agaon for last two days, but again, there was no lower low yesterday. Bearish momentum disappeared, candle turned bullish again, while haDelta/SMA3 tries to cross back up above zero line again. (short term more bullish biased) - In fact we see a choppy consolidation after the huge panic selloff. In case ECB goes dovish today, Price may retest to 3335... and who knows... maybe even higher, but it's way too early to discuss this possibility. 4H: - Price moved back into the Kumo, Chikou back above past candles. Tenkan Kijun and Senkou lines stay all together, so Ichimoku picture has become absolutely neutral. Would turn to bullish again above 3335 (100 WMA), bearish below 3150. - Heikin Ashi is short term bullish, but on this lower time frame it can change very quickly. Let's see what Mr. Draghi delivers to these nervous markets! China is closed too for two days, so possibly we can see some more "melt-up" in equities in general.
FX:EUSTX50
by Kumowizard
1
European equity bull may take a pauseWeekly: - Bullish Ichimoku setup, Price back above Kijun Sen, but could not yet make a higher high this week, and candle body close is ard the level of the last green candle's close. So the momentum has lost a little bit by the end of the week. - Heikin Ashi is bullish, but for continuation haDelta shd make a decisive cross above SMA3 next week. Daily: - Bullish Ichimoku setup, but price faces some short term resistance ard 3700 - Heikin Ashi signals a drop in bullish momentum. Today closing will be very important, as then we'll have more clue from the candle position and haDelta if we'll see some consolidation. Looking at the daily setup now, I think there is increasing chance we'll see a pull back first which could push price back to 3600 (or maybe even to 3500 later but that is hard to see in advance), then we'll see how market reacts at supports. For bullish continuation Price should close above 3695. p.s.: I opened 0,5 counter short today with initial stop above 3700.
FX:EUSTX50
by Kumowizard
EUSTX50 - In case Greek problem is solved...... then the European recovery can go further on. Which also means that with ECB still printing money, while there is absolutely no deflationary threath (there has never been really IMHO!) European stocks will shoot higher again and will perform a lot better relative to US stocks. It is clear that the risk picture is already changing. Weekly: - Ichimoku setup is still bullish. Price is moving higher from Kijun Sen support. A break back above Tenkan Sen would mean confirmation of the new bullish wave. Lower supports are still at 3400 and 3310. - We possibly have a Heikin Ashi bullish reversal signal developing. Daily: - Ichimoku setup is still bearish. The question is what Price will do ard Kijun Sen. Anyway, if it breaks above 3600, that will be a point of reversal to bullish again. If it happens, the Index becomes a buy on dips. - Heikin Ashi already signalled a possible swing up during last few trading days, as after the long wicked doji candle we had a small green one, while haDelta crossed above SMA3. Today candle is impressive bullish too: pricing a satisfying solution for Greece? I am not involved in European equities right now. Still too volatile for me, and I have enough other playgrounds now where I feel more comfortable.
FX:EUSTX50Long
by Kumowizard
EUSTOXX50 - One day fear? Up or down? It is neutral and volatileWeekly: - Not surprising, Ichimoku setup is still bullish. - Heikin Ashi weekly signal is bullish again, haDelta/SMA3 going higher, try to get above zero line. Daily: - Neutral Ichimoku setup, with very volatile trading in the Kumo. Both Kijun and below that Tenkan acted as good support yesterday and today. Lowest level was at Tenkan Sen, Price closed above Kijun Sen. Price is ard equilibrium: trades ard the flat future Senkou B line (orange) - Heikin Ashi signals undecision on a volatile market: today candle is a doji with very long wicks. Given the fact that Price is still above Kijun Sen and that haDelta/SMA3 may do a bullish cross and get above zero line again, there is some minor bullish bias within the neutral zone of the Kumo. It could become really bullish if breaks above 3700-3725. I don't have any strong view on European equities now. Chances of direction are more or less equal, and I try to be a trend follower, not a trend predictor. I can not see from recent setup which way it finally will break out. p.s.: On US equities I am rather bearish biased, but I have to admit, technical setup is still not bearish there either. I hold small shorts in SP500 and NAS100.
FX:EUSTX50
by Kumowizard
Eurostoxx 50 Daily Bullish Cypher/ Gartley PatternEurostoxx 50 Daily Bullish Cypher/ Gartley Pattern This is a little late, but there is a bullish gartley/ bat pattern on the Eurostoxx50 While I am actually short and longer term bearish based on the monthly chart, there could be a short term opportunity to trade it back up to around 3715 without too much trouble I will not be taking this trade as it is too late but it is important to remain neutral to see both sides Like I said, I am actually short on the monthly but see a bullish pattern on the daily - good old multi timeframe analysis!! =)
INDEX:SX5ELong
by dionvuletich
1
EUSTOXX50 - Next leg down to 3600 is possible- After three days drop Price started to consolidate a bit around Tenkan Sen and Kijun Sen. It even tried to break back above these averages, but both yesterday and so far today the Bulls fail to get back in control. -> This means Ichimoku setup is slowly turning neutral: with next leg down we could have a weak Tenkan/Kijun bearish cross, Chikou Span also hits Price candles. - Heikin Ashi candles show undecision after the first drop. So far today the candle has lower low and small red body compared to the candle yesterday. Very important to watch haDelta/SMA3, as if that can not climb back above zero line, but makes a bearish cross again below key level, that will bring further profit taking and sellers will push the index down towards 3600 support. HA oscillator is still red. - All in all a major bearish reversal is not very likely (unless Greece defaults), as the Kumo is thick below price and thus gives a strong bullish support. Rather the volatility should increase, and we will see agressive swings back and forth. Hold your shorts, and trail your protective stops to break even!
FX:EUSTX50Short
by Kumowizard
EUSTOXX50 - Wedge retested with no higher highDaily: - the broken wedge was retested yesterday and today, but so far price could not make a higher high - Heikin Ashi candles signal some undecision (not yet bearish), haDelta may cross below SMA3. It can be a sign for diminishing bullish power. 4H: - Price popped up again after retesting the Kumo. - DMI and Heikin Ashi signal turns short term bearish again, after Price could not make a higher high - Ichimoku setup is turning to neutral from bullish - Watch 3675 as first support (Kijun and 100 WMA)! If Price breaks it, the next bearish Kumo attack can be succesful. Top consolidation has clearly started. It is too early to decide if it will end in a deeper correction, or keeps moving more sideaway in 3630-3740 range. Maybe we should just trade the range, trying to sell these tops, and in case there is no follow through, close it with few % profit.
FX:EUSTX50
by Kumowizard
STOXX50 - Breaks the wedge, start to hedge!Daily: - Rising wedge is broken - Heikin Ashi setup turns bearish: yesterday long wicked doji, followed by massive red candle today. haDelta/SMA3 further down below zero line. Oscillator turns bearish - MACD sell signal is firm now - First daily support is at 3600 Kijun Sen (almost reached today). A break below needed to see more correction to next support level which is ard 3500. The real strong bullish support is 3400. 4H: - Price reached first important support at Kumo bottom and horizontal line. I think this should hold short term as Price is a bit oversold. But any spike will be a sell opportunity, as the bullish Ichimoku setup is falling apart: Chikou below Price (still above past Kumo), weak bearish Tenkan/Kijun cross. 3650-3700 will act as resistance o upside from now. - DMI switches to bearish, but ADX has not yet started to increase. It will when we see a bearish Kumo break below 3620. - Heikin Ashisetup is absolutely bearish, btu ha/delta reached an extreme low: this means short term mkt is a bit oversold. Try to wait for a pull back first and sell higher. Sell more on the next dip when Price breaks the Kumo. I don't think we'll see a trend reversal. (not until Price stays above 3400), but we'll have a healthy correction to 3500 +/-.There we will have to look for buy signals again and close counter shorts, and maybe enter longs again. But for now the strategy is close longs on spikes and enter counter short position.
FX:EUSTX50Short
by Kumowizard
1
EUSTOXX50 - To the roof. Wedge is still in play.Weekly: - price reaching some long term resistance - Market has become overbought, as priceis too far from long term equilibrium levels (Kijun and Kumo) - Ichimoku setup is very bullish, but sooner or later a pull back will have to happen. - Weekly supports are: 3400 and 3291 (very strong support) Daily: - Still very bullish Ichimoku setup - The wedge is still intact. Correction can come only if Price breaks the rising wedge and closes below Tenkan Sen. - After two days of small hesitation (two small body red candles) Price tries to break higher again. Green candle with haDelta/SMA3 cross above zero line. - It may go further up, maybe a blow off top will happen around 3750-3800. The move is obviously vertical, but don't try to fade it and do not try to hunt for the top until the wedge is not broken. Price tested it two times already, but couldn't break below. Just watch and be patient, the time for the swing short will come.
FX:EUSTX50
by Kumowizard
EUSTOXX - More short term bearish signals. Breaking the wedge?Daily: More signals suggesting a pull back starts. - Second Heikin Ashi candle, which shows hesitation and dropping bullish momentum - Price may finally break the wedge - MACD bearish, haDelta slowly dips further - Chance to revisit Kijun Sen ard 3480 is increasing. Bullish supports are: 3480 / 3290 (this is less likely to reach) 4H: - Price attacks Kijun Sen and trying to break the wedge - DMI bearish cross, haDelta and Oscillator goes more bearish - Careful with counter bearish position sizing, as Kumo is still thick below Price, and there is some support at 100 WMA + horizontal level ard 3545 Bulls' profit taking is likely to continue. Please note, that SP500 is still better setup for holding swing short positions. But the bell is ringing here as well!
FX:EUSTX50Short
by Kumowizard
1
EUSTX50 - Super lift. The only way is up...???It looks like it can never ever fall again! Central Bankers invented the perpetum mobile :-). Yes, this market is very bullish, and it will remain bullish (that is something what we have learnt in last 3-4 years as a natural side affect of QE). But as everybody knows it will pull back at some point within the trend. I've been also waiting for the pull back trigger signal for some time now, so as we have a major mkt moving US NFP data today, which can influance global risk sentiment, let's see what is the picture and what are the chances now? Daily: - Ichimoku setup is bullish, no signs of exhaustion really until Price can not even come back below Tenkan Sen. No Kumo overshade either, Chikou is in open space. Kijun Sen is slowly catching up to Price. - The more we look at it, the most likely is that we see high degree wedge being built. These short term rising wedges within the major bullish trend tend to break eventually on the lower side, simply because as time passes, the probability of keeping the same pace of buying is decreasing. The move since January was pretty straight and vertical. - Heikin Ashi had only one day of hesitation, followed by two green candles. The only minor signal that worths attention is the haDelta, which shows negative divergence. This means the pace of Price increase (bullish momentum) is decreasing, and getting less strong compared to the previous move from 3050 to 3400, when haDelta printed its top. 4H: - Bullish Ichimoku setup with only minor pull backs (called as Kijun retests). Bulls won't worry, until Price holds above Kijun Sen - Short term support and break point is now up to 3520 - 3540 area. - DMI/ADX is still bullish, with some minor drop in ADX. - Heikin Ashi signals very short term bullish sentiment is getting tired, mkt might be ready for a minor pull back to Kijun and trend line again. HA candles with small body, haDelta turning down. As a basic rule, correction and counter trend has chance to start only if Price makes a lower low, and breaks some relevant supports. Looking at the 4H chart, this should take some more time, so for now just keep our eyes on the 4H supports, and on daily Tenkan Sen (3562 at moment), and most importantly on the wedge! Sooner or later the time will come. Any short trade attempts before a real sell signal has to be considered as a top hunting. It may work, but you must know its risk-reward is lower, so play only in small if you play it at all!
FX:EUSTX50
by Kumowizard
5
EUSTX50 - 4H support higher, sell only break of bearish wedgeDaily: - Ichimoku setup is long term bullish, but Price is far above equilibrium levels (Kijun Sen and Senkou B) - Price has been trading in a short term flag, stuck at flag top. First support is Tenkan Sen at 3398. - HA candles are more bullish, but in every third day some undecision comes to the mkt, forming doji-like candles with both upper and lower wicks - The Oscillator is bullish, but haDelta shows some negative divergence. Is it a sign of a short term decreasing bullish momentum? 4H: - Is it a bearish wedge forming? We will only know if it breaks on the lower side. - Ichimoku setup is bullish still, with Kumo and 100 WMA support up to 3395-3400 now. - Recent HA candles show some undecision, haDelta moving lower below zero line. All in all I think Bulls are slowly getting a bit exhausted. The ultimate question is what happens at 3400 if Price puls back there again. Will the wedge, 100 WMA and the Kumo break? If that happens, then finally we could see some deeper correction. For now just set an alert to 3398. We'll check Price action when we get there.
FX:EUSTX50
by Kumowizard
EUSTX50 - Bullish, but chance for short term pull backWeekly: Not much to write here, on weekly time frame this index is very bullish - Price is well above Kumo, Tenkan and Kijun Sen. There can be some pull back at some point, but still Chikou Span will be in open space. Most important note on this chart is the Key Support at 3130. Until Price is above that, it has to be considered as bullish biased - HA candles are bullish, no sign for a pull back (but pls keep in mind this week has just started) Daily: - Ichimoku Setup is bullish, but Price got a bit far from equilibrium and is trading ard the top of the trend channel. - Today's HA candle will be important on close, as haDelta already suggest the bullish momentum may slow down a bit at this high. haDelta/SMA3 cross with a lower recent high of the indicator (some minor negative bias) - Supports are: Tenkan Sen = 3390, Kijun Sen = 3232. As Kijun is measured in 26 periods, if you check last 26 candles, you can see that Kijun will pick up to ard 3280 in next few days. Strongest support is 3190-3200 at the Kumo bottom and trendline 4H: - Red HA candle together with haDelta and the Oscillator suggest some pull back for today. How deep is a question. There is a support ard 3400 in form of Kijun Sen, trend and Kumo. Meanwhile it looks like a wedge has been building here. Obviously if there were an agreement today with Greece, the Index would break out on the topside. However if negotiations won't lead to solution soon, then the bearish reaction would leed to a very serious move on the downside, as the Kumo is very thin now below the Price, so there is less technical support. - Level to watch for a counter trend short trade is 3385. Until Price trades above that, it has to be considered only a pull back.
FX:EUSTX50
by Kumowizard
EUSTOXX50 - Watch short term key supports. Correction downDaily: The picture shows a possible bearish swing ahead. - Two doji-like Heiken Ashi candles followed by one clear red with no upper wick - haDelta is below SMA3, both lines dropped below zero - HA Oscillator is bearish too Possible retracement tgt is 3200-3220 4 Hrs: On the lower time frame the picture is still neutral, but with increasing bearish bias. - Price is still above the Kumo and 100WMA, but below Tenkan and Kijun lines. The Kumo is thick below Price. - Chikou Span is till neutral, swinging around Price candles - Weak bearish Tenkan/Kijun cross - HA candles are bearsih, haDelta further down with SMA3 below zero line - DMI bearish signal with ADX start to increase The mkt has less power now. We can try to sell smaller spikes and/or the break of key horizontal level at 3320.
FX:EUSTX50Short
by Kumowizard