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...
Invalidation are as strong if not stronger than validation sometimes. The interesting thing is that the CAC40 reached the top of the channel (or pitchfork) that I drew last summer. Let's see how it goes, when the DAX and the Dow Jones are making new All Time High.
So "they" want everyone to turn bullish (whether artificially or not) or be stopped out. The weak buyers are being washed away, shorts must be covered or the shorters will burn their feet if that's not already the case. Retail investors are still very bearish overall, but what is observed in Europe and in the official financial news show that money is flocking to...
I have set a few days ago some very optimistic targets for US indices, but given what we see on this Points and Figures chart (ie. less volume for the last super long green XXX and volume gradually increasing for the last red OOO), I think that both long and short scenarios are possible now. As most retail traders and investors remain bearish, it is still possible...
The SP500 could go towards 2472 or something nearby if this scenario is validated. Although this is very bullish. This could go in line with bullish Europe, but I think this target is a bit crazy though.
September 1, 2016 Hello guys, this is my opinion on XAUUSD or gold. 1300 could the low of this leg and then we will go slowly until 1490 next year :) I perform this analysis thanks to what I see on the US, European and Japanese markets. They will plummet soon in my opinion (CAC 40: top at 4700, DAX: Max at around 11077, Dow Jones: 18850, NIKKEI: 1750)
September 1, 2016 That's a possible scenario :) Bearish Gartley Pattern confirmed with the CAC 40 (France). It's consistent with the target of the Dow Jones at 18850 and of the Nikkei at 17500. The CAC 40 will plummet after it gets to 4700. See my other posts for more info about the CAC. This is why the DAX is weaker than the CAC 40 and that US markets are also...
August 31, 2016 Everything is on the chart. It is very precise and you may doubt that it's feasible I know. The lines are not random, they correspond to very specific levels (4700 -> 4450 -> 4500 -> 4280/4310 -> 4450 -> 4084 -> 4300 -> 4090 -> 4180 -> 4084 -> 3709 -> 3904 -> 3556 -> 3477 -> dead cat bounce -> 3050/3100 I would go long now until 4700. Some bad...
August 28, 2016 (Post Yellen's speech) Everything is on the chart. You know that I am willing to short strongly at 4700. Resistance shall be met at 4600 and 4666. Those would become other very good scalping opportunities for the experienced ones. Don't forget the Bearish Gartley Pattern and the long term Head and Shoulders pattern (not traced on the picture, cf...
August 25, 2016 Everything is on the picture. You know the "real" crisis is soon. The target is confirmed to be around 4700: The Head and Shoulder pattern (see previous articles) and this ... bearish Gartley Pattern along with Fibonacci and Elliott Waves confirmations are simply killing it. Wow.
August 25, 2016 Hello folks, so I have mentioned several time the target of 4600 and 4666 regarding the CAC 40. I guess it will be made possible tomorrow Friday thanks to the GDP figure (rigged?) and the subsequent speech by Janet Yellen. However, regarding this week's erratic and incessant fights between bears and bulls to keep 4383 safe, I have set a new...
Or at 4400 just in case. Stop-losses should be set under 4390 but this is definitely a long swing trade until 4600-4666 for me (collapse next 1-2 months)
Correlation matters. But will the "new normal" drags literally everything down, gold include? Or would it spur one of its best rally ?
As mentioned before, there is a massive convergence at 4666 (scenario 2). 4600 could be shorted too, but be ready to suffer some losses if the CAC 40 goes to 4666 thereafter. My bet would be that the CAC could run down either today or tomorrow to as low as about 4400. Long @4423 seems to provide a good risk-reward ratio. The afternoon session could become a...
August 15, 2016 I already have discussed my opinion about the Japanese and European markets. Correlation matters. Short @18850 (pay attention of the timing of other important related markets) ^^
August 15, 2016 Hello folks ! So almost everything is written on the chart. Don't take it for granted, as I do not possess a crystal ball. However, one thing is clear: prices that are displayed vary across brokers' platform(s) for a battery of reasons (Futures, Market Makers, Bid/Ask spread or average price etc.) There is one thing to take back home though: 50%...
Just in case if the previous scenario (short at 4600) doesn't pan out and that the top actually becomes circa 4666. See previous article :)
August 14, 2016 This is the text from my comments on the charts: January 2015: These levels above 4530-4600 are totally artificial .It was an aberration created by the European Central Bank (Quantitative Easing), which helped the CAC40 hits its long term diagonal resistance before it would collapse. Greece and China were merely excuses. Greek CDS (Credit...