Falling Flag (Wedge) has formed on CAC40 since April 2023.
We have had the price come down each time but make a higher low and fail to break below 7,056.
It might be premature but, it looks like the momentum is pointing up (along with many other alternative indices).
I'll be happy to go long when the price breaks above. But now it's a waiting game....
Cup and Handle is still in play with CAC40,
7>21>200 -Bullish - Green background
RSI>50
Bullish bias
Target 7,943
Fundamentals:
Seems like the smaller exchanges are following the SPX, Nasdaq and even top companies now.
There is bullishness in the air all around. I will be taking advantage as much as I can until the trend changes
Ascending triangle formed on Daily CAC index.
The price has broken out of its downtrend since Aug 2022 showing it's in a bull market.
Also price has broken above the Ascending Triangle with a target of 6,539
CONCERNS:
Price is still below the 200MA which denotes a long term bear market.
Nevertheless, I'm bullish.
Regards
MATI Trader
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE CAC 40 INDEX.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS...
this index is going to rise with most world indicator the index just test 5900 support and that support hold now we are going to rise for 6150 as i hope but for now 6100 will be a good TP on other hand i check most indicators
us30 rise above 32800
dax up from 14800
us100 higher than 12750
nikke225 hier than 29000
so we back to another upcycle as i hope
take...
📌 ridethepig | CAC Market Commentary 2020.11.25
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13:51:33 (UTC)
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As we can see, we are waiting for the retest in the tendence for the most risky ones, if you want the best operation, we need to wait the broke of the offert zone to enter in the operation with a really low risk!
For more operations and analysis of this and other Index and Forex pairs, follow me and give a like for the effort!
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