CAC I do not trade this but is weird to hear a phone call from an old colleague of a French bank, but indeed this is not a call. Learn how to beat the market as Professional Trader with an ex-insider! Next one on June 4th, Book your seat, just 25 available. Have a Nice Trading Week! Cream Live Trading, Best Regards!
Bullish on equities correction should end soon. If not here we will look for entry levels lower. RSI oversold with divergence.
The chart is the CAC40 with dividends + the futures market prices (8am-22pm sessions). It's like the DAX futures. We have a perfect bearish Gartley, with a sell signal today at the 78% Fibonacci level. On the CAC40 index, the lower target (TP3) would be 4840 points.
Heading for a pullback before the ECB?
After yesterdays negative day for the #CAC40, a bullish triangle pattern, also coinciding with Fibonacci support & resistance zones building out??
Cac 40 Long-Pull Long This index continues to make positive technical moves: the little continuation pattern that brings the index perfectly back to the long term dynamic that had acted as resistance for 10 long years since 2007 highs - it comes back for one last kiss - right on a line 10 years old - it turns it into support and fires northwards - classic...
have a nice Bearish divergence in H1 overbought much in h4,daily,weekly Many Gap have not been filled too the us stock is much overbought so i think they will correct also and so will make the ger30 and fra40 follow them move. and the eurusd will cetainly make a small puback who ill weigh on the ger30 who i repeat is linked with fra40 not at 100% this last week...
This is the the CAC40 index in USD currency (CAC*EURUSD), as viewed by international investors. As you can see, since the dip in 2009, this pattern happened 3 times. Each time it broke out the resistance (red), the rally did continue to 100% fibo prolongation. The error was less than 50 points. After that the index felt immediately at least 13%. Now it could be...
Top of the channel reached, bad fundamental data everywhere, US markets overshooting because of Trump, Bearish Gartley Pattern + Head and Shoulders pattern on the DAX (see my previous post), and so on. It's bearish, with a very high probability.
Playing it on the long side! Shorting stocks seems to be the way to go for the coming weeks.
On the 24th April the CAC 40 made a huge gap up, from 5050 to 5260. An incredible 4%. In fact it is the largest gap we can see historically as far back as 2008. Gaps, as trades know, 'always' get filled. Statistically its more like 90% of the time. Whether bullish or bearish on the European reflation story, this trade is the same.. French stocks are likely to...
Cac 40 index is sitting on a knife-edge here waiting for positive news from FOMC presser. Not quite as positive as the Dax but they are both going to move in same direction when it comes. Get ready to go long on a move above 5310 if we see it for rally to 5744 to begin with, then 5865
Following latest reports from French Presidential Elections Current situation with North Korea Brexit, Possible Frexit... Both DAX and CAC are at highs and looking for reversal for longterm downtrend
Longterm Short after opening gap for DAX "Ger30" same scenario with CAC "CAC40" Remember to follow French Presidential Elections Events at North Korea etc.. Take Profit at Previous Swing LOWs appx 9400s SL- With relatively safe trades .... who needs SL when at worst scenario you can hedge :p
Very clear channel which also encompasses ranges.
Even before yesterday's results, the French CAC40 provided a bullish long term signal when it broke above a monthly downtrend line. The CAC40 is testing the X point of a bearish Bat pattern (similar to what we see in German DAX) and if it'll break and close above it, it can continue all the way up to 6000 to test a bigger PRZ.