Bearish harmonic pattern on French CAC40Same pattern appeared on november 2015, resulting a 1100 points drop
FCHI trade ideas
Sell the indexGuys,
The global market is getting more and more volatile, and it requires you to change your mindset more often and immediately. i see the CAC is already lose its momentum of the up moves, i would sell it once it offers me a cheaper price. the target and stop is drawn in the chart.
Success
RandR
CAC 40 consolidates following December breakFollowing the impulsion at the beginning of december, the index is now consolidating its recent uptrend.
Since beginning of December, after exiting a 4 month old canal, the impulsion led the index to multiple new highs.
However, if the price kept going higher, the current uptrend is weakened by a divergence since mid december and visible on three main indicators (RSI, Momentum and MACD). It is very much a short term worry though as this doesn't appear on the weekly data of the index.
- On a short term point of view, holders can keep their long position although others would wait for a more affordable price.
- Mid to long term investors would use the same pivot prices to enter the market or not. For those already long, there is no clear indication to close a long position now and even less to open a short one.
- The divergence would be totalled by a break above the recent high at 4929.6. That would be a significant buy signal.
- On the contrary, a break below the support at 4822.29 would generate a short term sell signal.
CAC61.8 bullish fib
counter trend line break
EMA 50 Support
Target is 1.272 fib
Enter upon potential rejection at bullish 38.2
CAC 40 has built a ramp to go higher
Now turn your attention to France and Italy
The CAC 40 and the FTSE/mib are ready for a new leg up.
And be sure that no one is expecting this a few days before the End of 2016
CAC going sideways, compressing for an impulseCAC going sideways, compressing for an impulse i expect will be up.
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.
Perfect bearish Gartley on french CAC40If prices start to drop from 4780 level, a (perfect) bearish Gartley harmonic pattern can be validated.
A long term resistance would be validated too, and a medium term resistance (the fork).
First, prices could drop to the 4600 horizontal support, then rebound, and retest the resistance, before falling sharply to a long term support (2010-2016).
Ultimate target is 3500-3600
Watch the CAC 40 for a new bull market
France presidency: Francois Hollande decides not to run again
Things in Europe changing very fast, obviously: By Monday is a crash expected to come - wich might not occur because to much investors betting on this crash to come.
Only few Minutes ago Francoise Hollande said, that he will not run for a second France Presidency.
Politics is still an issue in Europe and for the CAC 40 ist this a sign of hope that conditions for the French Ecconomy are getting better after the Election in May 2017. The CAC-40 might jump of this major resist to complete a double bottom reversal pattern in the next couple of trading days.
CAC 40 Head and sholdersCAC 40 nice Head and sholders forming and in a corrective environment.
If we connect Wave1 with Wave 4 ,notice the black neckline.
The 1st Q of 2017 could see lvls between 4815 and 5062,after that CAC should drop back to the
neckline and lower.
France is in big trouble!Big short potencial in France. Political trouble will deepening hand in hand. More potencial there is in weekly and monthly timeframe.
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.
