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$CAC40 Under Geo's Bearish Pressure | #fibonacci #euro $EUR $GBPFriends, Following is a composite technical analytic view of $CAC40, in which all aspects of technical tools are displayed as shown in the following chart - We will dissect each of there thereafter: Looking in detail at each of the following components, let's consider the following items: 1 - PREDICTIVE/FORECASTING MODEL: As a foreground, stand-alone proprietary element, the "Model" is defining the following BEARISH targets: 1 - TG-Lo = 3759.18 - 12 AUG 2015 and 2 - TG-Lox = 3384.19 - 12 AUG 2015 GEO'S OFF-SET RULE: The Geo relies on adverse excursions to establish high-probability targets, such that the following expresses the "Geos' Off-Set Rule": 1 - Price retracing from Point-5 aims for validation along the 1-4 Line (Wolfe Wave rule); 2 - Price retracing from Point-5' (most common occurrence) aims for price level corresponding to Point-4; and 3 - Price retracing from Point-5'' (least common occurrence) aims for a price level corresponding to Point-3. In the case of the current chart, price retraces from Point-5', thus aiming for a HIGH-PROBABILITY target corresponding to Point-4, which in terms of the Predictive/Forecasting Model corresponds to: - TG-Lo = 3759.18 - 12 AUG 2015 In the most immediate support, consider the following cluster: 1 - 1.618-FE = 4180.54 and 2 - Nodal Core = 4193.88 ("ND") and 3 - Point-1 of Geo, offering a structural point of repose as price retraces from Point-2 and Point-5'. Where 1.618-FE = ND As shown in the dashed arrow in the chart, this structural level is likely to see a slight retracement capped at the support-turned-resistance of 4601.90. STRUCTURAL ANALYSIS: Levels 1, 2 and 3 on the left side of the price field represent structural levels, such that: 1 - Number-1 represents that level of Geo's Point-1, offering the most immediate structural support from retracement of swing between Geo's Point-2 and Point-5'. 2 - Number-2 Offers a temporizing support which defined a channel capped above by #1 as defined above and #3, which offered the first and subsequent R/S levels as shown - This levels happens to line up with Model's TG-Lo = 3759.18 - 12 AUG 2015 level. 3 - Number, as explained above, also happens to line up with Model's TG-Lox = 3384.19 - 12 AUG 2015 level. OVERALL: Bears are taking over. Invalidation would occur if and once price rallied above Point-5', or 5283.71. Still, the Model remains the dominant indicator at this point, tilting the balance in favor of bears with targets defined above and further supported by technicals as mentioned above as well. Best, David Alcindor Predictive Analysis & Forecasting Durango, Colorado - USA ----- Twitter: @4xForecaster LinkedIn: David Alcindor ----- .
INDEX:CAC40Short
by 4xForecaster
1
CAC40: Blueprints 9.After a beautiful diamond, which has triggered a bearish market for about two weeks, the French index bounced back ahead of the FOMC meeting's disclosure, where a liftoff is probably going to occur. From a historic point of view a hike in interest rates have always led to a correction. Nonetheless, the market was in a bearish movement that was close to sending it back to August's low. Another thing can make things worse for the bulls: another bearish market on Oil, which has reached a multi year low, three sessions ago, would worsen the situation, the French benchmark being sensitive to Oil prices, since Oil & related companies represent 10% of the benchmark's weight, through Total S.A.( CHXEUR:FPP ) and Technip S.A.( CHXEUR:TECP ). Another slide in the Oil market will inflict more damage to the French benchmark, should a bearish market be the result of today's FOMC. Oil and the benchmark are closely related. As a fall in Oil prices can render any bearish market worse for the benchmark, as well as an increase in Oil prices can help sustain any bullish movement. Re-entering the bearish market, as a result of the FOMC meeting, will send the French benchmark south, seeking 4387.72, with 4501.44 as a primary objective. A breakout of 4673.96, will send it seeking 4783.38, with 4727.63 as a primary objective. The daily Pivot Point is around 4587.04. The daily support levels are around 4547.32 and 4480.2. The daily resistance levels are around 4654.12 and 4693.84. FPP & CAC40 TECP & CAC40
INDEX:CAC40
by ACTIV8X
2
CAC40: Blueprints 8.The CAC40 halted its fall after Last Friday's NFP report. The French benchmark flirted with 4673.98 level, before bouncing back and closing in a neutral doji. A breakout of 4740.47 will send the CAC40 back towards 4783.38. Any bearish movement, resulting from yesterday's election in France, would send the benchmark seeking 4673.98, again, which breaking out will send it seeking lower lows. The daily Pivot Point 4708.75. The daily support levels are around 4677.03 and 4639.27. The daily resistance levels are around 4746.51 and 4778.23.
INDEX:CAC40
by ACTIV8X
CAC40: Blueprints 8. The CAC40 halted its fall after Last Friday's NFP report. The French benchmark flirted with 4673.98 level, before bouncing back and closing in a neutral doji. A breakout of 4740.47 will send the CAC40 back towards 4783.38. Any bearish movement, resulting from yesterday's election in France, would send the benchmark seeking 4673.98, again, which breaking out will send it seeking lower lows. The daily Pivot Point 4708.75. The daily support levels are around 4677.03 and 4639.27. The daily resistance levels are around 4746.51 and 4778.23.
INDEX:CAC40
by ACTIV8X
CAC40: Blueprints 7.The Cac40 closed in the green, ahead of the ECB's meeting. The French index succeeded in closing above 4936.87, which is a good omen for the bulls, as breaking out 4936.87 will open the way to 5048.56, with 5004,8 as a primary objective. The trend remains bullish as long as the benchmark has its EMA20 as a support, which breaking out will send it seeking 4847.25. The daily Pivot Point is around 4944.41. The daily support levels are around 4914.47 and 4871.34. The daily resistance levels are around 4987.54 and 5017.48.
INDEX:CAC40
by ACTIV8X
CAC40: Blueprints 4.The CAC40 is extending its losses, as it has closed in the red for the third consecutive session. The CAC40 is leaning back on its EMA20, which forms a major support zone, alongside its 4850.17 support level. It will find strong support around that area, as volatility is decreasing, and the trend is still bullish, with 4850.17 as a support level. An opening above 4905.33 will send the benchmark seeking 5004.8, with 4936.82 as a primary objective. An opening below 4860.73 will send the benchmark south towards 4836.56, with 4850.17 as a primary objective. The daily Pivot Point is around 4885.06. The daily support levels are around 4864.80 and 4840.46. The daily resistance levels 4909.4 and 4929.66.
INDEX:CAC40
by ACTIV8X
Cac40: Blueprints 2The CAC40 closed another session in the red as a part of a strong correction that has sent it back to 4850.17. The current trend is bearish and the benchmark is hovering on its EMA20, where it will find some support. As a matter of fact it is entering a major support zone, which consists of the 4850.17 support level, the bullish gap highlighted on the chart, and the EMA20. The Benchmark is falling although tailwinds coming from the macroeconomic environment have beaten estimates. The French gauge will 4815.16 as an objective, should the bearish trend continue, which will be valid should the Benchmark opens below 4849.04 today. The benchmark will have 4876.43 as a primary objective, should it fail to pursue its slide. It will aim to 4905.6 should an inversion occur. While an opening above 4888.73 will reject the downtrend and throw the benchmark again in a bullish market with 4915.62 as a primary objective. The daily Pivot Point is around 4890.35. The daily support levels are around 4817.33 and 4778.01. The daily resistance levels are around 4929.67 and 5002.69.
INDEX:CAC40
by ACTIV8X
1