E Euro Stoxx 50 Stopping For A Correction

EURO50 Index is more or less similar to DAX. After that five-wave rally forms lows, seems like the price is slowing down into a three-wave A-B-C correction, where wave C is still missing. So, watch out for a deeper decline here back to around previous wave 4) and 3100-3000 support area before any continuation higher.

Euro Stoxx 50, 4h


How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.