EU Indices Going SHORT | Impulse Complete | April 2019

EU Indices SELL Orders with Entry / Stop Loss & Take Profit levels.
Markets: CAC40 & GER30

EU Indices crashed during the second part of 2018 and these bearish sequences were successfully tracked with the following articles:

• “Volatility in 2018-2019 & The Financial Earthquake”.
• “Bearish Santa & December’s Trends – Christmas Gifts”

2019 started with a bang!
During the first quarter It was unclear if stock markets worldwide indeed were to recover like that. I have to admit, I did not trust the “thrust” that much.
The recent “EU Indices SELL Orders – Reversal Patterns” article has shown break-even views on CAC40 and a half-way but decent gain on GER30.

CAC40 & GER30 are showing clearer signs of a five-wave bullish sequence completing, thus paving the way for bearish swings.
These bearish swings should occur anyway, regardless if it’s a corrective Intermediate (2) degree or another bearish impulse for the knock-out.
Should the next move be on the down-side, then it would be closely watched, because its sequence will give clear signs on the real direction of the Market.

Elliott Wave Analysis – EU Indices

• Scenario 1 – Bull Market Returning

In this scenario, the current five-wave sequence would reflect the 1st leg of a larger degree bullish impulse, which would last a while and would allow the “complacency” sentiment to return and prevail over the next cycle.
Intermediate (2) would wipe out 50-61.8% of the entire gains these indices have shown until now, after which the Market should go bullish once more and in a “rampage”.

• Scenario 2 – Bear Correction Not Over

On a larger degree, GER30 has a possibility of crashing for good but there are no realistic signs of that just yet.
If the next bearish swing would show and impulsive sequence, then this scenario could be followed up.

*See comment below for GER30 Daily – Bearish Wave Count

• Summary

EU Indices could be turning bearish, as the current wave counts are indicating bearish sequences ahead.

EU Indices – SELL Orders

CAC40 – 4H Chart (picture)

CAC40 – SELL Orders

• Aggressive Entry @ Market Price (approx. 5450.00) with SL @ 5650.00
• Semi-Aggressive Entry @ 5500.00 with SL @ 5650.00
• Moderate Entry @ 5550.00 with SL @ 5725.00
• TP @ 5300.00 / 5150.00 / 4950.00

CAC40 – 4H Interactive Chart

DAX30 – 4H Chart (picture)

DAX30 – SELL Orders

• Aggressive Entry @ Market Price (approx. 11900.00) with SL @ 12300.00
• Moderate Entry @ 12000.00 with SL @ 12300.00
• Conservative Entry @ 12250.00 with SL @ 12500.00
• TP @ 11600.00 / 11250.00 / 11100.00 / 10950.00

DAX30 – 4H Interactive Chart

Safety Measures:

• Moving SL to break-even when in the green.

Many pips ahead!