Elliott Wave DAX 30 CAC 40 AEX UKX 100 / FTSE 100 Index FTSE MIB Borsa Italiana CFD Trading
I have been looking at the current move up as Wave iv) and it has reached its 38.2% retracement level. Therefor the current highs is where the European markets can start to turn lower into Wave v). So caution required. In terms of day trading, it may be best just to observe where Fridays direction is going to head.
This Elliott Wave Analysis is suitable for tracking the Stoxx 50 Euro 50 Futures Index and other European indices, this video uses Contracts for Difference (CFDs)
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Education: Elliott Wave Structures
Elliott degrees in order; Grand Supercycle wave, Supercycle wave, Cycle wave, Primary wave, Intermediate wave, Minor wave, Minute wave, Minuette wave and Subminuette wave.
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