WaveTrack International

Elliott Wave Financial Price Forecasting

Eurostoxx 50

by m.tamosauskas| September 5, 2012 | No Comments

Declines from the Aug.’12 high of 2494.06 are resuming the larger downtrend that began from the Jan.’10 high of 3044.37. Shown on this chart is the final sequence of that downtrend in progress from this year’s high of 2611.42. Should the Eurostoxx manage to stay below 2494.06, declines are expected for the remainder of the year. A break above 2494.06 would trigger more upside to 2525.36, but only an advance above 2611.42 will negate this forecast.

(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).

Category: Eurostoxx 50
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