STOXX50 index has formed very clear and reliable 5 wave impulsive pattern like DAX. But the corrective waves structure little differs. According to the wave count. is expected (2) or (B) wave progression to at least 2.767=38.2% Fibonacci, or nearly 2.872= 61.8% Fibonacci level retracement. The situation gives us great opportunity to take short position, chasing wave (3) or (c) ,and has reliability over 90%.
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