CAC 40 At Crucial Support CAC40 opened With massive Gapdown trapping all the bulls at higher level
This must have forced the small leveraged Trader to exit Their Position at the lower rates forcing the index downwards.
Index can Face Heavy Selling Pressure from tops
All the trapped brave Traders who didn't exit their position in today's fall will be waiting for their prices on the higher side.
So Sell on rise pattern could be seen in this index
CAC40 Is currently trading Below its 100 EMA at crucial Support Level of previous swing low.
Fresh Sell Off Can be Seen Below The swing low till 5720 Levels which is 200 EMA and 4th Decembers Low.
FRA40 trade ideas
#CAC40, The big landslide has begun?We are still a long way from getting the double top pattern confirmation but we have an interesting start here, just in case the CAC40 dropped below 5000 points so the trend change will be final.
RSI + Stochastic 2 These indicators indicate more room for declines.
Target: $ 5450
BUY THE DIP LOOOOOL Well, all major Index opened lower with a gap but all managed to stay above the same support line. Are we headed for another buy the dip euphoria ? Central banks can save us all JUST KEEP BUYING !!!
This time is very crucial for markets we gonna make it or break it
To short wait for a close below 5791 on an hourly basis
For the risk takers buy now with tight stop loss at around 5780
FRA 40 EUR approaching to the Historical High Level!!!The price approaching the Historical High Level 6191.8.
We can open Sell after the false breakout.
Potential profit will be in 3...5 times bigger than risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analyze.
Write your comments and questions here!
Thanks for your support!
@CAC40@CAC40
On peut observer que lorsque l'on arrive à un top potentiel ou proche, un chandelier en Pendu (ou marteau au top) est signe d'un top qui se forme ou qui est proche.
Ce graphique est mensuel, ca peut prendre du temps.
Cela montre que les acheteurs n'ont plus de "jus" pour faire monter les prix, un bas est acheté mais sans conviction
....il en résulte une chute
"ceci n'est pas un conseil d'investissement"
ShortThe CAC 40 is going down today after reaching all time high weeks ago the question is how far this correction can go or we will move to a bear market but for now this is just a little correction
my strategy is to short if we close below 5850 and target 5700 then 5650 but becarful a positive tweet about trade war could give the market a boost so short at 5840-30 to target 5700 with a stop loss at 5860