Until invalidation (see other charts). Beware of US markets testing/breaking their support around the FOMC date
Xmas Rally finally on? Or Shorting the pullback? Let the US decide
probably the most effective crisis of all time is on its way.
Important levels are on the chart
I will try to find extra cluster of evidences. However emember that 4630-4688 could perhaps somehow block unless these levels are destroyed with high momentum.
This is an alternative scenario.
4991-4994 would be ideal.
We reached a current top for the cac 40, lower then the 2 before. Distribution top leading to a bearish retracement. Unfavorable markets context. What are your thoughts ?
The French stock market is painting an inverted triangle formation. Though not yet confirmed, this can portend lower prices ahead. We are currently rounding over. A weekly close above the prior weeks' high would negate bearishness for now, whilst a weekly closing below the last swing low would confirm the pattern and target the purple area. While pundits claim...
Look at the gap for stop loss and pivot point for first target. Black Line step is for SAR D1 time frame. Short term : Neutral Long term : Long
Was able to find historical data for the French CAC 40 stock market going back to 1990. The price action going into 2000 is clearly impulsive and the French market has been tracing out a triangle pattern since. The European Central Bank will probably perpetrate another money printing explosion, after the coming market sell-off, to fuel another run up to all time...
on ira de zone en zone la zone des 5350 serra à sell en cas d'avelment baissier 2 minutes sur le cac cet après midi pour aller chercher les 5308
i m selling cac 40 to reach 5000 at 5000 i will buy now cac go down and go reach 5300 FIRST
CAC Sell Idea @Weekly Demand Zone (5538.92 - 5662.43) Sell Limit: 5538.15 Stop Loss: 5668.90 Take Profit: 5352.02 Risk Management = 0.01/$100 Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level Close partially the contract once it reaches 80% of the profit