CAC40 - Market Crash Cycles | Indices | Macro Trends
*Please support this idea with a LIKE if it helps you. Thanks!
More details about me in my signature.
CAC40 has been labeled within a Sub-Millennium degree wave 4 (blue), which has been unfolding ever since the Dot-Com bubble.
Structure - Flat Formation
2000 peaks and down until 2003 bottoms - Grand Super-Cycle wave A (black)
2003 bottoms up until 2007 tops - Super-Cycle wave (a) (purple)
2007 tops and down until 2009 lows - Super-Cycle wave (b) (purple)
2009 lows and up until present times - Super-Cycle wave (C) (purple)
Super-Cycle (C) (purple)
Pattern - Ending Diagonal
Sequence - 5 Wave Sequence, with Cycle Waves I II III IV V (green) decomposed as Primary ABC (turquoise)
Current Position
Cycle Wave V (green)
Next expected swing
Bearish sequence in Primary B (turquoise)
Market Crash Forecast
Support granted at or around the 5300.00 mark and then a bull run towards the 6300.00 levels, where the Grand Super-Cycle Wave B (black) is expected to complete.Grand Super-Cycle Wave C (black) would reflect the next Larger Degree Recession.Structure change.
Breach of the lower trend-line of the Ending Diagonal could reflect the fact that the Market Crash already started.
More details about me in my signature.
CAC40 has been labeled within a Sub-Millennium degree wave 4 (blue), which has been unfolding ever since the Dot-Com bubble.
Structure - Flat Formation
2000 peaks and down until 2003 bottoms - Grand Super-Cycle wave A (black)
2003 bottoms up until 2007 tops - Super-Cycle wave (a) (purple)
2007 tops and down until 2009 lows - Super-Cycle wave (b) (purple)
2009 lows and up until present times - Super-Cycle wave (C) (purple)
Super-Cycle (C) (purple)
Pattern - Ending Diagonal
Sequence - 5 Wave Sequence, with Cycle Waves I II III IV V (green) decomposed as Primary ABC (turquoise)
Current Position
Cycle Wave V (green)
Next expected swing
Bearish sequence in Primary B (turquoise)
Market Crash Forecast
Support granted at or around the 5300.00 mark and then a bull run towards the 6300.00 levels, where the Grand Super-Cycle Wave B (black) is expected to complete.Grand Super-Cycle Wave C (black) would reflect the next Larger Degree Recession.Structure change.
Breach of the lower trend-line of the Ending Diagonal could reflect the fact that the Market Crash already started.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.