A strong opportunity awaits on the STOXX 50 index.

The STOXX 50 index has reached strong daily and weekly supply zones.

The index is currently moving within a narrow range on the hourly frame.

The index has also broken the uptrend shown on the chart.

We currently have several scenarios expected.

Scenario 1:

If the hourly supply zones are breached, we expect

to continue the rise, reaching the next supply zones above, and then a decline.

Scenario 2:

If the current hourly demand zones are broken,

a decline is expected to reach the targets shown on the chart.

Currently, it is preferable to follow and focus more on selling.