Cac40short
CAC40 Short Entry on Divergence 13:45:39 (UTC) Wed May 13, 2020As of the open today, the French stock market is down 32 percent from February. There's a broad based stock market crash going on, with financials down 42% year to date. For this, I will be shorting from these regions, and using the futures index as it's proxy.
13:51:33 (UTC)
Wed May 13, 2020
CAC40 In a good position, but not the best YETAs we can see, we are waiting for the retest in the tendence for the most risky ones, if you want the best operation, we need to wait the broke of the offert zone to enter in the operation with a really low risk!
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SHORT CAC40, Covid-19 outbreak will be harder than 2008 !Covid-19 outbreak will harder than 2008 subprimes crisis. Get ready for the fall !
Already 30% of my equity with x10 leverage SHORT. TP @3100.
Have fun guys !
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
Weekly canal break We broke a weekly canal started in 2011 !!! and we managed to close just above a support at 4619 when we will break it then ....
short now and try target 4012 this scenario is invalid if close above 5050
#CAC40, The big landslide has begun?We are still a long way from getting the double top pattern confirmation but we have an interesting start here, just in case the CAC40 dropped below 5000 points so the trend change will be final.
RSI + Stochastic 2 These indicators indicate more room for declines.
Target: $ 5450
TRY ENTER SHORT AROUNT 5775-80 for 3 tp short timeshort #CAC40 at 5776 if you cant catch it,try tom around 70-80 and sell,the plan its simply to take the correction of a bearish rsi divergence + we are on monthly resistance and a bit overbought so 3 Tp like that each tp you cut 33% of your position
Short signal possible, #CAC 40 Index Serious resistance In 5642, 3 serious attempts failed.
Stochastic Overbought.
Despite the rise of the Cac40, there are some signs (written above) of possible price correction.
Target: 5470
short 5501 and tp 5440 as last gap is filledlast gap filled ,next step back on dsupport if need an impulsion to go more up or to crash, will depend on us-china headlines
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.
SHS CAC40 4H/1DSHS on 1D near to break down. Just did a pull back to upper side of bearish directrix today leaving a 4H bearish candle and way to live it in 1D also. It could break down soon this week.
Likely to go down until 0.618 fibo retracement (around 4950). I would set sl at around 5415.
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CAC40 labeled as a bullish impulse in Intermediate (1) (blue), with a deep bearish retracement starting.
CAC40 Major resistance (Weekly chart)We can look for shorts if that weekly doji candle breaks down. If bears are able to successfully defend this key resistance we could see a move down towards 5100. If not a continuation towards 6150 is likely.
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.
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.
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.
CAC40 arrivé sur une zone de résistanceLe CAC40 arrive actuellement sur sa MM200 qui coincide également avec l'extension de SSB
De plus il est éloigné de sa Tenkan, on peut donc s'attendre à un repli vers celle-ci aux alentours des 5100
L'indice devrait être baissier à moyen terme
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.
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.
