last gap filled ,next step back on dsupport if need an impulsion to go more up or to crash, will depend on us-china headlines
I will open sell after fake broke of key level 5658.000: - 5658.000 is a historical 13-Month High. - Many retail traders set their stop losses above such historical highs. Big players hunt for such places to accumulate volume. - Potential profit will be in 5...20 times bigger than risk.
*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. CAC40 - Elliott Wave Outlook Bearish Swings - Patterns: Triple Three structure in Cycle Wave IV (green) W (purple) - Zig-Zag X (purple) - Three (false break-out) Y (purple) - Simple Flat X (purple) - Contracting Triangle Z (purple) - Zig-Zag Bullish Swings...
*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 -...
I will open Sell if the price will break down the key level 5538 and D1 candle will close under 5538 On the chart, we see that price made huge accumulation but didn't move up. If the price will start down move all guys who opened buy above key level will be stopped and they will bring new volume to the market
If you like this idea, please support it with a like. Thank you. CAC40 labeled as a bullish impulse in Intermediate (1) (blue), with a deep bearish retracement starting.
Short 5601 ish if rejected. otherwise wait for 5640 ish.
Hi traders, on the weekly chart we see a dripple top right now on FRA40 the stock market index from France. Let see where the next daily candle close. If we see a dripple top so we can go short and catch many pips. Let see what the next days bring to us. I will set only 4 trades with different targets, as investor and trader you must share your risk on many...
Based on a convergence of factors including those in the chart I am selling CAC 40 today. Expecting this trade to last all day. Might take till tomorrow.
Hi traders, this is my view on FRA40 the french economy indice. Here we can see a perfect educational market struktur to show how important it is to know the work of fibonacci retracement. Beweent 0.786 & 0.618 Fibonacci retracement is the golden zone to enter for trendfollowing trades. And what does the price? The price on this indice change the direction at...
Just for testing purposes
I am quite new to it. Let's see what happens with this first test
This potential sounds crazy to some, but if I see the waves correctly, the "true" crisis wouldn't actually happen this year but maybe in 2-3 years! Are we simply back to 1937?
In fact, if we are indeed in the longest bull market in history, then we may be only starting to create wave 5 if what I consider to be wave 3 is in fact ... wave 3. This is puzzling me, a lot.
There are a lots of alignments. I believe it is time to go short deeply for aggressive traders by going against the bullish "wave analysts" advocates. There is clearly an hierarchy here. People are starting to be bullish post "low vol" breakout. Don't go long the climax. Study what happened in previous decades before stock market crashes.
The CAC40 pulled back to the breakout level, completed different patterns and reached their targets. I know that some people studying waves believe we could still go up, but I think there should be quite a good sell-off during the next week. I could indeed be wrong, so we shall see. I've noticed that a few rarer or uncommon patterns appeared. Need to study hard on...
FRA40 is approaching our first resistance at 4920 (horizontal overlap resistance, 161.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 4740 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching our first resistance and we might see a corresponding drop...