"Top and Bottom Analysis" EUROSTOXX 50 by ThinkingAnts
4H CHART EXPLANATION
- Price is currently on an Ascending Channel and, after bouncing on the bottom of it, theres potential to move towards the top.
- Price is above the previous resistance, trying to mark new max. It is currently in a Bullish Corrective Structure to continue the up move.
- If price breaks 3457, the target prices are determined by Fibonacci Levels (3502 and 3556,8).
Updates coming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
- Price is currently on an Ascending Channel and, after bouncing on the bottom of it, theres potential to move towards the top.
- Price is above the previous resistance, trying to mark new max. It is currently in a Bullish Corrective Structure to continue the up move.
- If price breaks 3457, the target prices are determined by Fibonacci Levels (3502 and 3556,8).
Updates coming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
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