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...
A beautiful morning star pattern can be observed on Valeo on the descending support. This pattern is generally very powerfull. A gain of 15% is probable with this pattern a break of the resistance canal is also possible with higher gains...
CAC Sell Idea @ Weekly Supply Zone (5480.00 - 5544.82) Sell Limit: 5475.81 Stop Loss: 5560.09 Take Profit: 5187.62 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...
NOW TRADING AROUND SUPPORT REGION 5250 - 5300 TWO TARGETS SET 5420 AND 5500
The French shares have been moving higher so we believe this may be a breakout overpowering the sellers at around the 5505 area and continue to an upward trend and benefit our trade. However it does appear that price is moving in to a triangle trend line so price may get squeezed by the pressure of the Bulls and the Bears before the CAC 40 Breakout is achieved.
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
In this configuration a simple triangle does not offer any tendency everything will play at the exit, if we break the support of 5360 points we can consider a decrease of 5.60% in support of 5060 points, if it does not then realize a head-shoulder this will form the head down
Short term sell setups in DAX on 30 M. Watch news flow, regarding market sentiment, during next 4-5 days for proper trade management.
CAC 40 is moving as forecasted. Related ideas: - -
Follow the price action in the French index, still could see new lows.
Yew - first time poster, just doing for my own records - but predicting a bearish pattern for France. seems to be sticking to fibonacci sequence too. PLEASE any ideas/criticism/advice would be much appreciated. Gracias