EuroSTOXX 50: One Way to Label This Chart You May Not Have Considered
by Editorial Staff
Updated: January 14, 2022
When you look at a blank price chart, you see endless possibilities as to where the market may go next. But Elliott waves help you shrink those endless possibilities down to a manageable handful of actual probabilities.
Here's a fresh example. An Elliott wave contracting triangle is a price pattern that often forms in a corrective wave 4 position -- meaning, a big move in wave 5 comes next. However, a variation of the triangle called a "running triangle" offers additional possibilities.
Watch our European Short Term Update editor walk you through a chart of the pan-European index of 50 stocks and explain the implications.
Free, watch now
Create a free account and join Club EWI. We’ve helped over ½ million traders and investors learn to use Elliott waves. You get:
- Full access to Elliott Wave Principle — Key to Market Behavior
- Exclusive articles and interviews with our analysts
- Invitations to access our premium analysis