EU50 to fall fast to 4382

2024年8月3日

After months of bouncing up and down, the EU50 is under severe bearish pressure and it appears that the pressure will continue next week until we hit the Weekly support price area around 4382.

As price consolidated for such a long time, the force of the trend seems to be correlating.

Stop Loss and Take Profit suggestions are labelled on the chart.

What do you think?

2024年8月4日

註釋

The red line on the chart should read: "Support on the Weekly Timeframe"

2024年8月9日

註釋

Since the initial impulse down, the Price has pulled back strongly BUT this appears to be a "Bull Trap". I can see a massive "Bear Flag" on the 4hr Chart, which explains the choppy price action this week. If this is a "Bear Flag" and it breaks, the monster move will complete

2024年8月16日

交易結束：達到停損點

The bullish pullback was significantly stronger than expected!