XEU Euro Index Descending Triangle Collapse

Textbook descending triangle collapse just as Keystone projected. Lots of fits and starts ahead and note the gap left behind at 138.5 that will need filled at some point, also perhaps a back kiss of the 200 MA, but, moving forward, the target is provided by projecting the vertical side of the triangle under the base line. Hence, 149 to 141 is 8 points.  141-8=133. Thus, target the 131-134 zone. A juicy gap exists at 131.5.This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.