France40 forming a head and shouldern pattern?FRANCE index is forming a H&S pattern? Looking for opening a long position.
FRA40 trade ideas
Kick The CACThe French stock market is painting an inverted triangle formation. Though not yet confirmed, this can portend lower prices ahead. We are currently rounding over. A weekly close above the prior weeks' high would negate bearishness for now, whilst a weekly closing below the last swing low would confirm the pattern and target the purple area.
While pundits claim the US stock market rally, it is far more prudent to short markets that are seeing material capital outflows, especially in failed states such as France.
CAC40 - c wave rally?Same pattern, most obvious in CAC. Prices should move to a=c, just above 0.618 retracement.
Cac is making a complex correctionThe bounce in Cac after the big October stock rout has pretty much run out of the energy. It has traded back into the 5080 - 5180 area before the last down leg. Now there is a sign that it might be breaking down from this trading range. However, the break looks lacking conviction and absence of follow through. It is possible that it gains down side momentum during the NY session together with the US equity. However, there is another possibility that the break is merely a false break and it is going to rip back to take out the upper resistance line and turn this pattern into an inverted head shoulder pattern.
CAC 40 trading plan updateThis is an update of the previous plan on CAC40 if the market conditions holds like what they are at the moment there is still good opportunity to extract nice profit from it.
You can check trade full fundamental and technical analyses in YouTube.
November - Watch Chikou Span < 2000/2007 Trend LineNovember - Watch Chikou Span < 2000/2007 Trend Line
Double top on CAC40A beautiful double top appeared on CAC40 index, the neckline has been broken this week. Down potential between -2.5% and -10%
H4 view Cac40Falling wedge and two key levels : 4900 and 5050. Watching daily close on this two levels for continuation.
Daily view Cac 40Beautiful candles ! Engulfing + Hammer and Harami . Perhaps Beartrap ? Rsi divergence
Viva Le France!Was able to find historical data for the French CAC 40 stock market going back to 1990. The price action going into 2000 is clearly impulsive and the French market has been tracing out a triangle pattern since. The European Central Bank will probably perpetrate another money printing explosion, after the coming market sell-off, to fuel another run up to all time highs in the mid-20’s. As I’ve seen time after time in these Socialist countries, the success of the people and businesses is belabored under the weight of Big Government, Heavy Taxes paying for social programs, and excess fiat money printing…
Long attempt in CAC40In this video I am sharing my thoughts about the French index CAC40 and what are the trade opportunities there. We were able to extract very good profit from this index before so hopefully with this plan we are going to replicate the results.
You can check trade full fundamental and technical analyses in YouTube.
CAC 40 Long Technical ReboundImportant support zone we go long on technical rebound with tight stop because below 5000 we go straight to 4700 - 4500 ! ( Good R/R ; Short Swing ; Monitor closely )
