ridethepig
Long

A different outlook for French Equities....2019 prediction

INDEX:CAC40   CAC 40 Index
=> Here we have a different view for French Equities as those who are following our telegram will already know. The case can be made that we are in a very large IVth wave of the V wave pattern since post 2008 crisis.
=> From a technical perspective this looks like a very large correction and should not continue its decline further than 38.2% (4525.x)
=> Anything below here will start to show serious cracks in the uptrend and will suggest the top for French Equities (not expected) may already be set in stone.
=> Here for 2019 we will add exposure to the upside on the test of 4525 with tight stops at 4165.
=> Best of luck all those in French and other European Equities
Comment: A quick update here after a very dovish ECB we are starting to trail all positions here.
Comment: This rally is starting to come under pressure... remember to book partial profits and trail appropriately.
Comment: We are entering in the final stages in the rally here, well done all bulls holding from 4500/4600.
I don't have the same trend line
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