Euro Stoxx 50 Wave technical analysis
Function: Bullish Trend.
Mode: Impulsive.
Structure: Navy Blue Wave 1.
Position: Gray Wave 3.
Direction next lower degrees: Navy Blue Wave 2.
Details: Gray wave 2 appears complete. Now, navy blue wave 1 of 3 is active. Invalidation level: 4435.
The Euro Stoxx 50 Elliott Wave Analysis for the daily chart signals a bullish trend. The market shows strong upward momentum. The current structure forms part of an impulsive move, specifically inside navy blue wave 1, nested within the larger gray wave 3. This setup suggests a continued bullish trend, expecting navy blue wave 2 to form after completing navy blue wave 1.
The analysis highlights that gray wave 2 seems finalized. The market now shifts into navy blue wave 1 of gray wave 3, further strengthening the bullish outlook. The invalidation level is defined at 4435. A drop below this level would invalidate the bullish wave count and hint at a possible market structure change.
The trend remains firmly bullish, and the mode is impulsive, showing strong momentum. Positioned within gray wave 3, and moving into navy blue wave 1, buyers maintain control, and further upside potential remains likely. Traders should monitor for bullish continuation signals while respecting the invalidation level for risk management.
In conclusion, the Euro Stoxx 50 stands in a bullish phase. The wave count points toward more gains under navy blue wave 1 within the larger gray wave 3. Critical attention should stay on the 4435 level, as falling below would challenge the bullish perspective. This analysis offers a clear view of the market structure and upcoming movements, stressing the importance of key price levels.
Euro Stoxx 50 Wave technical analysis
Function: Bullish Trend
Mode: Impulsive
Structure: Gray Wave 3
Position: Orange Wave 3
Direction next higher degrees: Gray Wave 3 (Started)
Details: Gray wave 2 appears complete. Gray wave 3 of 3 is now active. Invalidation level: 4435.
The Euro Stoxx 50 Elliott Wave Analysis for the weekly chart shows a strong bullish trend. The market is currently in an impulsive move, indicating steady upward momentum. The structure identified as gray wave 3 belongs to a larger bullish move within orange wave 3. This structure suggests that the market is in an aggressive advancing phase, as gray wave 3 follows the completion of gray wave 2.
The next development expected at higher degrees is the continuation of gray wave 3, supporting the ongoing bullish sentiment. The end of gray wave 2 indicates that the previous correction phase has finished, and the market is back on an upward path. Traders must closely monitor the critical invalidation level at 4435. A drop to or below this point would invalidate the current bullish wave structure and could indicate a trend reversal or a deeper correction.
This analysis underlines that buyers dominate the market, with the impulsive trend nature reinforcing strong upward pressure. Traders are advised to seek bullish confirmation while remaining cautious if the price nears the invalidation level. The broader weekly perspective suggests a well-established bullish trend likely to continue unless critical support levels are broken.
In conclusion, the Euro Stoxx 50 displays a bullish trend on the weekly chart. Gray wave 3 leads the upward movement within the larger orange wave 3. Monitoring the invalidation level at 4435 remains crucial, as a break below it could question the bullish outlook. The structured analysis helps traders understand market direction, emphasizing how key levels confirm or challenge the trend. The setup points toward further upside unless the invalidation level is breached.
Technical Analyst: Malik Awais.
Euro Stoxx 50 Wave technical analysis [Video]
