European stocks are trading at a two-week high on Tuesday, and European stocks opened the day slightly higher with a sharp decline in crude oil that shaped the price movement.

The Stoxx 50 index is up 0.2% today, with some downward corrections currently starting to be made.

The indicator completed the harmonic BAT model on the four-hour frame with a quality at strong display levels that could push for further downward corrections towards the levels of 5000 and then 4935.

This scenario fails if the 5085 levels break higher.