Just for testing purposes
I am quite new to it. Let's see what happens with this first test
This potential sounds crazy to some, but if I see the waves correctly, the "true" crisis wouldn't actually happen this year but maybe in 2-3 years! Are we simply back to 1937?
In fact, if we are indeed in the longest bull market in history, then we may be only starting to create wave 5 if what I consider to be wave 3 is in fact ... wave 3. This is puzzling me, a lot.
There are a lots of alignments. I believe it is time to go short deeply for aggressive traders by going against the bullish "wave analysts" advocates. There is clearly an hierarchy here. People are starting to be bullish post "low vol" breakout. Don't go long the climax. Study what happened in previous decades before stock market crashes.
The CAC40 pulled back to the breakout level, completed different patterns and reached their targets. I know that some people studying waves believe we could still go up, but I think there should be quite a good sell-off during the next week. I could indeed be wrong, so we shall see. I've noticed that a few rarer or uncommon patterns appeared. Need to study hard on...
=> 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...
1) Most indices retraced 50%, and we are at a very important turning point: if indices breakout cleanly there resistance (for instance SP500 at 2610.8, among other ones) then I would reassess my short bias as we would go back to potentially bullish territory (however, this would mean that the world and its economy become rosier --- no more issues!). The DAX could...
Lots of reasons. But the markets could also be short-sold right away. However 4907 is extremely "attractive" so far.
Volume is also decreasing, the rally was probably mostly due to shorts covering and a big technical bounce (retracement + monthly diagonal support). We shall see.
We shall see. We reached overextended levels in Europe and 50% retracement in the US.
Testing
Let's see if that bear market in some US markets are that strong.
Multi-confirmation is required.
CAC Buy Idea @ Monthly Demand Zone (4514.35 - 4301.13) Buy Limit: 4561.29 Stop Loss: 4217.23 Take Profit: 5356.78 Risk Management = 0.01/$100 Recommended Leverage not to exceed 1:50 Recommended Risk Ratio 1:1.5 – 1:3 Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level Close partially the contract once it reaches...
European markets are in another cycle compared to the US. A true pullback is getting more and more possible in a few European markets in spite of what's currentky going on in my opinion. It is possible that January becomes bullish before the bigger picture (potential bearish 2019 trend) takes over. Of course, I could be wrong and the markets could well collapse...
By then, there could be some sharp countertrend rallies. More analyses and price discoveries will have to be made as the tape unrolls.