The correction, which began in November 2017 is most likely finished. It has cleared the road for further upside in the Eurostoxx 50. The ball is now with the bulls. We would like to see swift upside if our base case scenario is correct. It is depicted in black color.
Note
Close now and reopen longs upon break of minuette wave (I) pivot high for better risk management.Note
Reactivate trade as November pivot is taken out. Red count is invalidated with this action!Note
Reactivate trade now. Dax & CAC 40 already confirmed bullish move. SX5E will follow!Trade closed: stop reached
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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.