(CercleFinance.com) – The Euro-Stoxx50 ricochets below 4,411 Pts intraday on July 13 and 14, with entirely algorithmic precision (best closing at 4,408 on April 21, then series of closing tests at 4,400 on April 24, 16 May, June 16 and again on June 30 and July 14).
Rarely has a consolidation phase been so long and the culmination repeated with so much precision 5 times in less than 3 months.
The reversal of polarity and the start of a corrective phase below 4.218 (low of May 31 and July 6) in the direction of 4.035/4.000 almost happened on July 7 (4.198 in session) but it was to get off to a better start on the rise with +200Pts in ‘directissime’ without the slightest consolidation in 6 consecutive upward sessions.
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