20 Years Long insights. All labeled. I always believe this should be an ABC wave correction but the United States market is going delusion that makes me doubt myself. However, the EU market seems to represent a possible ABC correction, with C point being a truncation. I am waiting to see if 2986 could be a potential support zone. Because if this level doesn't hold, the overall positive trend zone of Stoxx 50 will be broken. Another possible support level is 2706. I currently have no position. But if those levels don't defend, I would consider opening more shorts. TP 2300 at least.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.