Simple range trade with a bearish engulfing candle triggerBeen following this since the world cup. Trading what "is" and what is to me now is a range. 0.5% risk
FRA40 trade ideas
CAC40, the decline in progress.1-2-1-2 give a clue of how much time the rest of the decline may take. The full w3 should unfold before end Aug, the rest should take another month or so.
CAC UpdateWe can see the inverted Cup and Handle pattern and inside the Bullish Gartley pattern. Minimum expected correction level is at D and maximum at the brim of the inverted cup. Once the reversal starts it will go above All Time High. To know the correction
ended look for a small handle.
CAC UpdateIndex is making an inverted cup and handle pattern and can fall to the extent of 5000-5100 levels in the coming months.
MACD is entering into negative territory below 0 line. No semi circle/circle drawing tool to draw in the chart.
Start from 5045 and draw semi circle touching 5658 as middle point to get the inverted cup.
Unusual distribution range in CAC40See above what I believe to be a re-distribution. Current P&F Targets are 5280.
I would expect to see at least another test of the yellow range and possible higher.
France 40 expecting some high volatile bearish movement
will follow how this expectation will develop
CAC 40 - Watch the Flag PatternFollow the price action in the French index, still could see new lows.
CAC 40 - A New Lower Low is ExpectedThe French index CAC 40 should make a new lower low completing the corrective structure that is developing.
CAC40 bearishYew - first time poster, just doing for my own records - but predicting a bearish pattern for France. seems to be sticking to fibonacci sequence too. PLEASE any ideas/criticism/advice would be much appreciated.
Gracias
CAC in the black list?CAC I do not trade this but is weird to hear a phone call from an old colleague of a French bank, but indeed this is not a call.
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CAC40 (1M) Bearish CypherI'm looking signs of weakness at two zones. Re-test of the All time High is a real possibility.
Short term sell - wait for a trend breakoutAs you can see today was a strong trading day for the France 40. We saw 5 large consecutive green candles which actually broke out above the regression trend. I think at the moment we can sell this market down to that green line within the regression trend which is where you need to be cautious about another increase. One thing that was surprising was that massive break above that Key Resistance level. I think that this reinforces the idea that this market isn't done increasing which is backed up by the now positive ADX indicating that we still have a strong uptrend. You can also see by the trader sentiments that we are starting to see some sellers forming. If you are thinking about buying into this uptrend make sure we fully clear this resistance line and be aware at the fact that we are now at a 10 year high. If we can fully clear this level I don't see why we can't look for that all time high of 6118.5 which is where I would place the very top of the market.
France 40 - Get Ready To SellAt the moment I think we are nearing the peak of France 40's uptrend. As you can see by the ADX the trend is strong however we can look at the RSI and see that it is currently being overbought, this mixed with the fact that we are at a key point of resistance indicates to me that we are about to see a dive in the price. If we can push through this resistance level then I think the price will grow higher. If it does It will be a 10 year high. If we do continue to rise then the I would see the next key resistance level we need to watch out for is the 5880 level and I would say major resistance the very top of the market would be that 6177 level which we haven't seen in 11 years .
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.
CAC Sell IdeaCAC Sell Idea @Weekly Supply Zone (5458.79 - 5569.93)
Sell Limit: 5458.79
Stop Loss: 5571.93
Take Profit: 5200.00
