France and Germany and I guess Europe in general is just slow.
Lifestyle is slow and steady, not major developments.
Life continues with a somewhat socialistic form of living.
And so moves the indices in Europe the same way.
We established a Cup and Handle, and was waiting for a breakout above the brim level. Which We kind of got.
But now we are in consolidation mode, and we can expect some sideways before it breaks out of what looks like a Descending Triangle.
The funny thing is Descending Triangles generally have breakouts to the downside, but we are anticipating it breaks up.
Biased maybe. Intuition - Yes.
Cup and handle
Price>20 and 200MA
Target 8,645
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Lifestyle is slow and steady, not major developments.
Life continues with a somewhat socialistic form of living.
And so moves the indices in Europe the same way.
We established a Cup and Handle, and was waiting for a breakout above the brim level. Which We kind of got.
But now we are in consolidation mode, and we can expect some sideways before it breaks out of what looks like a Descending Triangle.
The funny thing is Descending Triangles generally have breakouts to the downside, but we are anticipating it breaks up.
Biased maybe. Intuition - Yes.
Cup and handle
Price>20 and 200MA
Target 8,645
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.