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(Z1) Bull Flag Formation

EUROSTOXX50 TECHS
  • RES 4: 4234.50 0.764 projection of the Jul 19 - Sep 6 - 20 price swing
  • RES 3: 4223.00 High Sep 6 and the bull trigger
  • RES 2: 4200.50 High Sep 24
  • RES 1: 4175.00 High Oct 15
  • PRICE: 4169.00 @ 06:02 BST Oct 22
  • SUP 1: 4103.20 50-day EMA
  • SUP 2: 4004.00 / 3949.50 Low Oct 12 / Low Oct 6 and bear trigger
  • SUP 3: 3902.50 Low Jul 20
  • SUP 4: 3882.00 Low Jul 19 and a key support

EUROSTOXX 50 futures remain in a range and recent price action appears to be a bull flag. The contract has recently cleared the 50-day EMA. The clear breach of this average and the recent break of a number of resistance points has exposed 4200.50, the Sep 24 high. Above this level is the major resistance and bull trigger at 4223.00, Sep 6 high. On the downside, the 50-day EMA, at 4103.20 today, marks initial support.

Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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