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EUROSTOXX 50

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EUROPE50 trade ideas

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.
TVC:SX5ELong
by financialflagship
8
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.
TVC:SX5ELong
by Elliottwave-Forecast
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.
TVC:SX5ELong
by financialflagship
2
EuroStoxx: divergence with RSI but...Hi Guys, the divergence with RSI does not mean EuroStoxx will drop. It only shows that despite sentiment declining, index value keep going up. Where are the opportunities? Please share your views and comments below. Thank you for your support and for sharing your ideas. Cozzamara Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumstances.
OANDA:EU50EUR
by cozzamara