STOXX longer term view: Bearish BAT might hit 2400I have just shared a short term view on Stoxx this morning.
If we look back to 2008, it has actually formed a bearish BAT. if Stoxx continues to fall from 3200 level, it might eventually reach the target price 2 of 2400 level. Let's see.
Stoxx Short term view: Long Stoxx till 3200 then short. Quite many banks have bullish view on Europe equity market since last year. but how has it been? disappointing...
Short term view on Stoxx:
Anyway, short term bullish to hit 3200 to form the bearish BAT. After that, should drop till 2810 level.
Elliott Wave Analysis & Forecast, STOX50, M1, 20151222As per Elliott wave rules and above count we are in blue wave iii of green wave Y. Green wave X start @ 1583 and formed zigzag in in three sub-wave red ABC which finish at 3602 placing Long Term Top there. The ideal target green wave Y is near 700-750 area or even lower where we will expect strong
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Displays a symbol's price movements over previous years to identify recurring trends.