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CAC40: Speculative target of 5218 then SHORT! (August 22, 2017)Everything is on the chart: check the top of the new channel. Bear in mind: 5175-5180 are the top of the old channel and important Fibonacci levels. If the gap at 5218 is a breakaway gap setting a true bearish trend, then it might not be filled before probably a long (long) time. Shorting at 5175-5180 is ok for people fearing to miss the move. if it goes above, then wait for 5218. Invalidated it it closes well above too (but it could be a bull trap). I originally aimed 5292 but it's an Island Reversal Pattern, so it might be never filled as it set the beginning of the downtrend.
TVC:CAC40Long
by UnknownUnicorn569872
Short CAC 40 and other indices (long term)I can't believe that the invalidated Gartley pattern actually gave very important and extremely accurate Fibonacci levels on the CAC40. I traced the lines last year, and check out the 261,80%, 361,80% and 423,60% levels ... ! Everything above the 423,60% Fibonacci level from the Macron trade was very probably a fake out (bull trap). It would actually be interesting to see a variation of the Island Reversal here. I would not be surprised to see the CAC hit again the 423,60% then the 161,80% lines ...
INDEX:CAC40Short
by UnknownUnicorn569872