The CAC40 is consolidating between 4300 and 4520 pts since the middle of July. The US indices are currently showing weaknesses, and so does the french equity market. The resistance area at 4550, doubled with the other one at 4520, definitely constitute a barrage for the buyers to go higher. The bearish forces are getting a bit stronger as weeks pass, as shown by...
September 1, 2016 Hello guys, this is my opinion on XAUUSD or gold. 1300 could the low of this leg and then we will go slowly until 1490 next year :) I perform this analysis thanks to what I see on the US, European and Japanese markets. They will plummet soon in my opinion (CAC 40: top at 4700, DAX: Max at around 11077, Dow Jones: 18850, NIKKEI: 1750)
September 1, 2016 That's a possible scenario :) Bearish Gartley Pattern confirmed with the CAC 40 (France). It's consistent with the target of the Dow Jones at 18850 and of the Nikkei at 17500. The CAC 40 will plummet after it gets to 4700. See my other posts for more info about the CAC. This is why the DAX is weaker than the CAC 40 and that US markets are also...
August 31, 2016 Everything is on the chart. It is very precise and you may doubt that it's feasible I know. The lines are not random, they correspond to very specific levels (4700 -> 4450 -> 4500 -> 4280/4310 -> 4450 -> 4084 -> 4300 -> 4090 -> 4180 -> 4084 -> 3709 -> 3904 -> 3556 -> 3477 -> dead cat bounce -> 3050/3100 I would go long now until 4700. Some bad...
August 28, 2016 (Post Yellen's speech) Everything is on the chart. You know that I am willing to short strongly at 4700. Resistance shall be met at 4600 and 4666. Those would become other very good scalping opportunities for the experienced ones. Don't forget the Bearish Gartley Pattern and the long term Head and Shoulders pattern (not traced on the picture, cf...
Correlation matters. But will the "new normal" drags literally everything down, gold include? Or would it spur one of its best rally ?
As mentioned before, there is a massive convergence at 4666 (scenario 2). 4600 could be shorted too, but be ready to suffer some losses if the CAC 40 goes to 4666 thereafter. My bet would be that the CAC could run down either today or tomorrow to as low as about 4400. Long @4423 seems to provide a good risk-reward ratio. The afternoon session could become a...
Similar as GER30 we are Bullish with CAC40 However We have just exited LONGTRADE and looking for break + continuation or bounce for SHORTTRADE www.ibrokers.ee
August 15, 2016 I already have discussed my opinion about the Japanese and European markets. Correlation matters. Short @18850 (pay attention of the timing of other important related markets) ^^
August 15, 2016 Hello folks ! So almost everything is written on the chart. Don't take it for granted, as I do not possess a crystal ball. However, one thing is clear: prices that are displayed vary across brokers' platform(s) for a battery of reasons (Futures, Market Makers, Bid/Ask spread or average price etc.) There is one thing to take back home though: 50%...
Just in case if the previous scenario (short at 4600) doesn't pan out and that the top actually becomes circa 4666. See previous article :)
August 14, 2016 This is the text from my comments on the charts: January 2015: These levels above 4530-4600 are totally artificial .It was an aberration created by the European Central Bank (Quantitative Easing), which helped the CAC40 hits its long term diagonal resistance before it would collapse. Greece and China were merely excuses. Greek CDS (Credit...
Hello folks, so as I mentioned earlier in my previous posts. The CAC40 would go higher (so would European indices, but the German DAX wasn't as eager as the French index to do so). The 4300-4450 range worked perfectly, and we went even higher (4500). However . Thursday's (August 11, 2016) US markets was clearly "algorithmically" driven. I think that scalpers and...
August 8, 2016 This is an abstract from my one of my blogs: www.lucky-index-trading.blogspot.com Compare this chart with my previous publication and comments So, from my experience, this is how it worked (and obviously I am merely stating a little portion of the big picture, but so far this "luckily" was enough to help predicting some moves based on...
We have downtrends in all timeframes except the daily in the France ETF. Currently price is about to break below the yearly downtrend mode, which if it happens could start a big slide down. The daily suggests a short is optimal here, risking a rally to pre-Brexit highs at 24.70, targets can be initially the monthly one at 19.22, but eventually this could evolve...
Hello folks ! This is my first post on tradingview.com. This is an abstract from one of my blogs: www.lucky-index-trading.blogspot.com Enjoy :) I have reconfirmed a short-selling target of the CAC 40 at about 4600. Stop-loss orders could be set above 4700. First bearish target: ~3450-3500 Second bearish target: ~3050 Please find below a graph (weekly)...
CAC40 Resistance 2015 Trendline DOWN Possible break UP to 2011 Upper Trendline Overall looking for SHORT Position iBrokers www.ibrokers.ee