Euro Stoxx 50 (SX5E) Down 0.37%, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

2 mins read
SX5E

The Hourly View for SX5E Last Updated February 23, 2021, 01:015 GMT Currently, SX5E’s price is down -8 (-0.22%) from the hour prior. This is the 2nd hour in a row SX5E has seen its price head down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on SX5E. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Regarding moving averages, it should first…

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