WaveTrack International

Elliott Wave Financial Price Forecasting

Eurostoxx 50

by m.tamosauskas| October 25, 2013 | No Comments

06_EuroStox131018

This week lets take a look at European market. By perfectly trading into original upside objectives at 3058.72, the Eurostoxx has set the stage for a reversal from current levels. This would confirm the completion of the entire leading-contracting diagonal that dates back to the 2011 low of 1935.89 and set the stage for a larger decline in the months ahead. Interim downside support is measured to 2744.45 and ultimate targets to 2567.38, the fib. 38.2% retracement.

Category: Eurostoxx 50

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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