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Eurostoxx50

Short Euro Stoxx 50 - Downside volitility!See confluence of 50MA (h4) , previously inflected horiz resistance & 50% retracement. I have went short here at yesterdays open. SL placed just above market high. This will moved once I see a reaction to the downside further improving my R:R on the trade. I always place my SL's at the point where my opinion is proved wrong. If a new high is printed here then my opinion of a downside confutation is incorrect. My target will be a retest of the local market low. We can see there is volatility to the downside here (swift moved to the downside last week followed by a weak upside move. Zooming out to a macro view - there is a case for a larger H&S forming.
TVC:SX5EShort
by ColinGallaghere5
1
Euro Stoxx 50 outbreak The european Index, DJ Euro Stoxx 50, representing the biggest 50 enterprises (marketcapitalisation) in Europe, has crossed the upper limit of the very long symmetrical triangle. The fundamental data from EU-Zone and Europe are positive; only the EURO could be an obstacle because it had gained force in comparison with the US-Dollar. But this should change during this year, because of the tax reform from Trump and the tapering from the FED. The Dollar should strengthen versus the Euro. The european central bank (ECB) has also tapered its QE-Program (with now producing 30 BN Euro per month - out of thin air) but it isn´t expectable to have rising interest rates as well. With a weaker Euro the Global Player in Europe should take profit and have rising exports. Of course there are many risks for the EU-Zone; for example the election in italy where it is expected that the Party of Grillo could win - and he is against all the austerity programs of the EU and the ICF. Technically the Euro Stoxx 50 can profit from its outbreak - if the index doesn´t fall back. Compared with the S&P 500 (blue line) european stocks have much space on the upside. P/E and P/B are also less expensive than in US. indicators: not bullish! - but little signs of a positive trend
INDEX:SX5ELong
by Luettis
(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