EUROSTOXX with great potential, weekly chart though.
I don't know why, but the longer I look at the EUROSTOXX 50, the more bullish I get. There are two distinct ways it will work out.
Door 1: Rally direct. That would mean no more significant lows. Follow the green line, maybe a little lower low, but not much. Here the sky is the limit and as a stop 2600 has to hold.
Door 2: Umleitung. We see a significant low between 2400-2600 and then up. Here the upmove would be limited to 4000-4500.
If I have to choose, I would take door one.
Door 1: Rally direct. That would mean no more significant lows. Follow the green line, maybe a little lower low, but not much. Here the sky is the limit and as a stop 2600 has to hold.
Door 2: Umleitung. We see a significant low between 2400-2600 and then up. Here the upmove would be limited to 4000-4500.
If I have to choose, I would take door one.
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