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Cac40short

Still short We might rebound toward 4200 but the trend is still bearish and this monthly candle is scary... technically a bear market have 3 phases: we are only on the first phase where we assist of a fast decline on prices the second phase is like a bounce to retrace a little from the decline then the last phase where price continue their decline but slowly For me my targets are 3500 then 2700 for the CAC 40 4200 is a great price for shorting or even now if you can take the the rebound my next target is 3500 then 2700
TVC:CAC40Short
by magnum375
CAC40 Fails to make New All Time HighsThe French CAC40 has struggled to break above the resistance zone into all time new highs. The ECB has promised cutting rates further negative and more stimulus...we shall wait to see the developments, but so far the markets have already priced that in and sold off today after the announcement. The CAC40 on the 4 hour shows 2/3 market trends. We had an uptrend with well defined higher lows and higher highs, and now we are ranging. On the current candle, we had a fake out with the wick above, and the bears are stepping in. Await for a break of the 5535 zone before entering a short. See how strong the candle break is and we can assess the trade when that happens.
TVC:CAC40Short
by Uncharted-FX
CAC40 Rejoins Channel, Technicals Flash OverboughtWhile the CAC40 gave traders an almost perfect technical upward channel for January February and most of March, that channel was broken last week only to be somewhat regained over the past few sessions. It still does not know however if that channel support line is now resistance or still support. Moving averages all signal upward momentum while bull bear sentiment and RSI flash that this index is overbought. I'm not confident in equities right now. They all seem overbought and tend to be universally stagnant. Let's see how much further we can go though.
TVC:CAC40
by WhiskeyTangoFoxtrot3
Former Support Channel as Resistance?This is such an interesting technical channel that we saw stemming back from December 2018. While, it failed to continue and broke through, it seems like now price action wants to use that former lower section of the channel that was support as resistance. However, this one is not as perfect as the channel that had formed as price action is creeping back into the channel. Either way, this one is still a fun one to watch considering how technically perfect it was acting for quite a while.
TVC:CAC40
by WhiskeyTangoFoxtrot3
Channel broken a bit early, but could indicate bear marketMy call on CAC40 is changed from long to neutral now that global markets are increasing their fear on a global slowdown. This is evident in markets around the world as Asian markets plunged today as did European. US is set to be down as well. Overall, the channel break is incredibly disheartening for those expecting higher gains as it was a huge move down (3 percent). If you were not in this trade closer to the bottom, you may have missed your chance. If you didn't sell before this dip then you may have made some money. For those shorter-term traders, you may have already missed the train. We could get back in this channel tomorrow, but that seems unlikely. I'm actually more neutral to short than neutral, but Trading View only gives us three options so I prefer not a drastic shift from long to short. Let's see what happens over the next few days.
TVC:CAC40
by WhiskeyTangoFoxtrot3
SHORT SHORT CAC40 approaching resistance, potential drop!CAC40 is approaching our first resistance at 5184.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4950(38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension ) Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:CAC40Short
by FlowState
1
SHORT CAC40 approaching resistance, potential drop!CAC40 is approaching our first resistance at 5184.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4950(38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension ) Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:CAC40Short
by FlowState