DAX30 UK100 FTSE MIB CAC40 Technical Analysis Elliott Wave 22 March 2019

Peter Mathers TradingLounge

DAX30 UK100 FTSE MIB CAC40 Technical Analysis Elliott Wave and Trading Levels

Expecting to see the European indices push up from there lows in the next session.

DAX30 the target is 11,650 and if the 11,700 develops support then expect new highs, without that support the market can fail between the 11,650 and 11,720 and move lower through the 11,500.

UK100 (FTSE 100) As long as 7300 remains the support then the market will climb higher, I have also moved the stop higher.

CAC40 The move down over the last few sessions appears bullish corrective, so expect new highs.

FTSEMIB Is in a strong bullish trend, that said expect resistance across 21500. In Trading Levels terms a Classic Trading Levels pattern should occur.

Peter Mathers
TradingLounge

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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