FR40 trade ideas
NEURTAL ON CAC40!Prices could go either way, I'm just waiting for a decisive break.
Prices could respect the chinese hat and eventually fall to the downside target of 4700.0
OR
Prices could pierce straight through the ''V'' or like most of you love to call it the ''Chinese Hat'' and ascend to highs of 5400.0 . Either way I think it's safe to say that we've got a trade on our hands guys, a bullish run to at least the 5200.0 Region.
TP: 5200.0
CAC40 MTFMonthly : Weakness of the new highs (exhaustion), testing a trendline.
Weekly and daily : New lows, the market is in a PB wave.
Hourly : search for bullish weakness
SHORT ON CAC40!I believe that we've got ourselves a nice juicy short on the table here guys.
I'm anticipating a bearish pull down to lows of 5120.0 and also 4920.0.
Let's see how this turns out!
Of course I'll be updating any moves on this trade!
Stay Tuned!
TP: 5120.0/4920.0
CAC40 - Long (not professional trader)
This is my idea, i'm not a professional
On the PX1 graph
Sorry if my english is not good, i'm french
CAC shooort! sHs patternINDEX:CAC
Not much to say, but its time for a light short, with a tight stop. And wait for the goodbye kiss so we can resell, and another short when the sHs limit breakout.
CAC40 60min chartI believe CA40 will keep going lower again. On a 60 min chart the index found a resistance and it might complete the ABCD pattern as shown on the chart. By using fibo extensions I've found a support zone which could be a target for shorts.
CAC40 Bearish Target.The CAC40 looks extreamly weak. It seems that the Index price is heading towards the 5.000 level without any hesitation.
Good luck fellow traders
CAC40 triangle break out and Elliott wave #5 up to 10000.CAC40 triangle break out and Elliott wave #5 up to 10000.
Swing Trade With The CAC 40 TrendThe CAC 40 broke out of its November pivot high. This market action builds not only the stage for a French but also probably for a European rally during the next weeks!
As of now, the only terminal elliott wave structure that meets the rules & guidelines is an irregular flat into primary wave 2(circle). We do not embark onto this scenario unless last weeks pivot low 5474 gets broken and leaves us with 3 waves to the upside instead of 5 waves into minor wave 3.
Hence, we expect the CAC 40 to extend higher.
S/L 5474
T 5950
