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Strong and interesting signal to buy on the index EURO STOXX 50!

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TVC:SX5E   Índice Euro Stoxx 50

On the weekly chart of the European index EURO STOXX 50, which includes the leading "blue chips" for the Eurozone, rested on the ascending channel with a beautiful hammer.

Let's move on to the daily chart. Usually we buy from the middle of the hammer - this is the level of 3480.00, also there is our upcoming weekly channel: Buy Limit 3408.00, SL = 3347.00, TP = 3678.00.

If you go back to the weekly chart of the index, you can see that the bullish flag is being drawn - a harbinger of further growth. But until we break through its upper limit, we are talking about a potential flag.

Oleg Svirgun

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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