
Euro Stoxx (EU50EUR)
The Euro Stoxx has risen over the past period, trying to form a harmonic bat model, but rebounded a few points ahead of it.
He was able to form a reflective bin bar candle outside the Bollinger bands and then closed yesterday's bearish candle, suggesting some bearish corrections during the coming period.
During the coming period, we are targeting the levels of 4880 and then 4730.
Any upward correction until the completion of the harmonic pattern near the 5025 levels is a good opportunity to resell again.
This scenario fails if the 5140 levels break higher.
Information about the indicator :
The index consists of 50 stocks from 11 Eurozone countries, the Euro Stoxx 50 represents major companies in the eurozone that are leaders in their sectors. It is made up of the fifty largest and most liquid of them.