Key levels for CAC-40, We see more trouble than happiness on the chart for the French index
As expected before. Cac40 after the break down of the channel it comeback to test the resitance and will continue down
Buying the support .
Belle polarité entre le pullback sur la résistance hebdo cassée et un support oblique ... un peu tôt, en attente de signal mais intéressant
nous reston neutre à la question même si on a un biais qui a très envie que ca chute à 3500
📌 A short update on French Equities that are also full of dramatic events. The nature of the down cycle came after the infamous leg we played to the topside and began profit taking. How to spot an early discovery of the flows? The diagram clarifies the relationship between the ending of wave 5 and the beginning of the initial 'A' leg with Covid. This...
For the last 3 months, CAC 40 has been consolidating at the range , 4750 to 5166. With the latest stimulus , I expect the price action to break out of the box soon. I will consider a short term trade once the breakout happens.
These trades remain open from the original sell signals given on Jul 31 23:33:15 (UTC) Sun Aug 2, 2020
FRA40 - Intraday - We look to Sell at 5170 (stop at 5220) Buying pressure from 5012 resulted in all the initial daily selloff being recaptured. Due to an Ending Wedge formation, we continue to treat extended gains with caution. Bespoke resistance is located at 5174. The trend of higher highs is located at 5200. The formation has a measured move target of 4681....
FRA40 - Intraday - We look to Sell at 5160 (stop at 5210) Buying pressure from 4940 resulted in all the initial daily selloff being recaptured. Buying posted in Asia. Bespoke resistance is located at 5165. The trend of higher highs is located at 5172. Preferred trade is to sell into rallies. Our profit targets will be 4885 and 4850 Resistance: 5162 / 5165 /...
CAC 40 : Follow the uptrend. Feel free to like❤, comment📝, share👫 and follow me for other analyzes🌍
This has been fun going through the different markets because I see hybrids between various price actions. This market is a little difficult to settle on. I like this bear flag on the local scale. The last couple of days almost makes it look like it wants to go up again to retest that upper channel, but considering how bearish the other markets look, I doubt that...