CedricBenacquista

bearish view confirmed

FX:FRA40   CAC 40 Index
57 0 3
in this timeframe, a small head & shoulders has appeared & confirm that price could make a beautiful bearish movement untill my previous target. that's possible price make a wide pullback on the neckline, near of my "energy point", but i don't think so. according to the momentum indicators and the two "long term moving average", i think that the pullbakc is soon ended. head projection put the price at the Andrew's pitchfork median line level ( median line is touched in 80% of case). but, we should take care of the 50% & the 61.8µ fibonacci retracement of previous wave.

note : that's only a technical analysis , i've not watched the economic news of the next hours & days
Comment: oups.....
i forgot to say that there's an obvious support at 4660, & that price is actually testing it
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out