FRA40
Updated target: Short the CAC until 4527I will try to find extra cluster of evidences. However emember that 4630-4688 could perhaps somehow block unless these levels are destroyed with high momentum.
As the markets invalidate my previous scenarios, I see new stuffPotential wedge know, aiming for the gap at 4630.
Elliott Wave Targets (sample 1)This would explain most major moves. Perform similar analysis for your lower targets.
Pay attention to those price patterns (353 points).
It's worse than what I expected. Short on a pullback at 4896I need more confirmation before I know for sure we are entering into my 3rd proprietary cycle. This could lead to a huge downturn to 4200-4250 very quickly.
Closing the gap on Cac40Cac40 has been opening with quite a gap today just like most other indices.
Price has made a lower low on the m5 and I will be trading it down to close the gap.
If price moves down I will add aggressively so I max my profits.
Watch the other indices closely as they are not there yet and a reversal might still be possible.
Trade safely...
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CAC40 - Possible descending triangleNot confirmed yet. If it is, it would be an opportunity for some shorts/longs inside the triangle and at the end we should see a bearish continuation to find a support around 4600.
Any thoughts on this idea? Let me know!
France40 forming a head and shouldern pattern?FRANCE index is forming a H&S pattern? Looking for opening a long position.
CAC40 on a key resistanceCAC40 is fighting with a the key resistance of the 5500 this ressitance was tested 3 times over the last 2 years but never broken. Probability of a bearish reversal is 60%. Wait for a RSI divergence to confirm the downtrend.
RSI bearish divergence+ overbought Short at 5382have a nice Bearish divergence in H1
overbought much in h4,daily,weekly
Many Gap have not been filled too
the us stock is much overbought so i think they will correct also and so will make the ger30 and fra40 follow them move.
and the eurusd will cetainly make a small puback who ill weigh on the ger30 who i repeat is linked with fra40 not at 100% this last week but usually around 95% positive correlation
i enter at 5382 we can see he block since 3-4 candle h1 to pass it so it should return back first/
i open 2 position same as all time
1 will be cut at target 1 and second in trailing stop
for the Stop loSS i let you manage it lie is not a big trade cannot do a good ration if put SL so me i will put it around 5435 and the RR will be 1/2
Just an idea -- actually a small gamble -- Le Pen wins.I am going to bet that Le Pen wins the election. I believe that the Macron victory is already in the price, after first round of elections. Now he is approx. 20% lead vs Le Pen. So if Le Pen wins there would be a much bigger surprise. I will open a small position.
The risk ratio is between 2-3, so this is comparable to every trade I make.
CACHello My friends!
French index CAC
Just Little fundamental analis:)
Oland dont meet with Putin.
France dont make money on Mistral deal and Poland asked Ollande "not hysteria" because of the failure to buy
helicopters from France.
Just disappointment.
But in technical analysis need go up until lvel 78.6 and after fall
I think market will start fall in December - January.
France CAC40 - Sep'16Equities across the board coming off today... with S&P dipping below 2100.
Anticipating a break below 4420, which would put it in buy territory.
CAC40 : The rounding tops show a bearish momentumThe CAC40 is consolidating between 4300 and 4520 pts since the middle of July. The US indices are currently showing weaknesses, and so does the french equity market.
The resistance area at 4550, doubled with the other one at 4520, definitely constitute a barrage for the buyers to go higher. The bearish forces are getting a bit stronger as weeks pass, as shown by the rounding tops. The long term moving average (200 days) remains decreasing, which highlights the downside underlying trend.
The first steam to break is the ascending trendline (blue). The current price at the CAC40 is high enough to initiate a short position :
- Short @ 4460
- Target @ 4315
- Stop @ 4520 (just above the first resistance)
FRA40 SWING SHORTFRA40 seems to be getting challenged at the swing, sign of a drop comming the week ahead.
CAC40 RestsiatnceCAC40 Resistance 2015 Trendline DOWN
Possible break UP to 2011 Upper Trendline
Overall looking for SHORT Position
iBrokers
www.ibrokers.ee
Consolidation: Should drop a little then resume trendConsolidation: Should drop a little then resume trend, possibly:
touch the bottom band
bottom trendline
before resuming trend
