WaveTrack International

Elliott Wave Financial Price Forecasting

Eurostoxx 50

by m.tamosauskas| April 26, 2013 | No Comments

The advance from the April low of 2542.10 appears to be impulsive in nature. This increases the probability of an upside continuation during the next weeks and therefore promotes this count to ‘preferential’ status. It describes the counter-trend correction in progress from the 2754.80 high as unfolding into an expanding flat pattern – current rallies are labelled as wave ‘B’ within this sequence, with upside potential measured to 2807.54. Once achieved, await a reversal signature to confirm the finalising price swing with downside targets to 2465.25. This forecast is revised only by immediate declines below 2542.10.

 (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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