CAC40 has officially become bearish, I think that was pretty obvious two or three days ago. We've got a bearish divergence on the 1-day timeframe, not to mention the fact stoch and rsi is both topped out completely on 1 week and 1 month timeframe, I believe we could be seeing lows of 6300 points.
Due to the FED moving towards tapering it's possible there could...
Based on SP500 rejecting a key level and on the Low time frame France 40 showing a significant rejection. We have a chance of going for the lows. Currently short with a stop at 6533.
The political situation in France is also getting worse with mass protests against vaccine passport.
price chart with gaps almost every day is typical for very thinly-traded securities and should be avoided. Prices often gap up or down at market open, but the gap does not last until the market closes. Such temporary intraday gaps should not be considered as having any more significance than normal market volatility.
📌 ridethepig | CAC Market Commentary 2020.11.25
The stem for the ending of a retrace and intentions of a turn...
Breaking down ahead of US elections was strategically important.
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📌 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...
As of the open today, the French stock market is down 32 percent from February. There's a broad based stock market crash going on, with financials down 42% year to date. For this, I will be shorting from these regions, and using the futures index as it's proxy.
Wed May 13, 2020
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!
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We might rebound toward 4200 but the trend is still bearish and this monthly candle is scary... technically a bear market have 3 phases: we are only on the first phase where we assist of a fast decline on prices the second phase is like a bounce to retrace a little from the decline then the last phase where price continue their decline but slowly
For me my...
We broke a weekly canal started in 2011 !!! and we managed to close just above a support at 4619 when we will break it then ....
short now and try target 4012 this scenario is invalid if close above 5050