🎢Euro Stoxx 50: Eurozone economy will continue to grow

30 Jun 2022

●● Preferred count
● SX5E, 🕐TF: 1W

Fig.1

The Euro Stoxx 50 Index is the main index in the Eurozone. The components of the index are companies that are leaders in their industries - 50 companies from 12 eurozone countries: Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Luxembourg, the Netherlands, Portugal, Finland and France.

The main scenario is the continuation of long-term growth within the framework of the cycle wave V.
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● EU50EUR, 🕐TF: 1D

Fig.2

The ascending impulse (1) and the beginning of the subsequent correction (2) of ③ were successfully predicted. At the moment, the threewave corrective phase can be interpreted as a completed A-B-C single zigzag. Growth is expected to resume as part of the third wave.
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● EU50EUR, 🕐TF: 8h

Fig.3

As a local alternative scenario, black marking is proposed, in the context of which wave (2) will become more complicated to a double zigzag W-X-Y. This counting option will become more relevant if the sideways correction stretches in time and takes the shape of a triangle X.
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●● Alternative count
● FESX1!, 🕐TF: 1W

Fig.4

The probability of realization of the given scenario will multiply increase in case of display by a wave B of (Y) of the form of a triangle.

🎯Interesting points for making trading decisions:

— Breakdown of the orthodox bottom of the wave B of (Y) of Ⓑ;
— Completion of the zigzag (E) of Ⓑ within black marking;
— Completion of the zigzag Ⓔ of IV within the color marking.

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