looking for cac40 index to retest pre covid-19 levels before going into new bear market.
according to chart pattern of W the price should be bullish after breakage the neck of W then will move the same amount of pips as mention in price range ,, my prediction as i see in chart the price will not break the resistance above and will go down to 5530 for correction .
FRA40 Long Position Entry: €5,644.6 TP & RR: €5,688.0 Stop Loss: €5,627.3 REASONS FOR THE TRADE Breaking up from a descending triangle, I expect the price to retrace slightly and then continue the up move. Stop Loss is set below the trendline and the target is at a resistance level. Market Flow indicator show a clear move up. The trade is slightly in...
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 /...
The French index started second leg of double three WXY correction with wave Y, which could hit 5140. This level represents the equal distance of Y=W and also the 61.8% Fib (5166).
FRA40 - Intraday - We look to Sell at 4793 (stop at 4840) Majority of the initial daily gains being overturned. Bespoke resistance is located at 4725. The rally has posted an exhaustion count on the intraday chart. The 161.8% Fibonacci extension is located at 4793 from 4193 to 4564. Preferred trade is to sell into rallies. Our profit targets will be 4564 and...
The price can breakout the Triangle. We can open Buy above the Key Level 4570.0. The local trend is bullish. Potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
The price approaching the Historical High Level 6191.8. We can open Sell after the false breakout. Potential profit will be in 3...5 times bigger than risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analyze. Write your comments and questions here! Thanks for your support!
Crossing MACD line and will retest 1 and 2nd retracement level
short #CAC40 at 5776 if you cant catch it,try tom around 70-80 and sell,the plan its simply to take the correction of a bearish rsi divergence + we are on monthly resistance and a bit overbought so 3 Tp like that each tp you cut 33% of your position
last gap filled ,next step back on dsupport if need an impulsion to go more up or to crash, will depend on us-china headlines
I will open sell after fake broke of key level 5658.000: - 5658.000 is a historical 13-Month High. - Many retail traders set their stop losses above such historical highs. Big players hunt for such places to accumulate volume. - Potential profit will be in 5...20 times bigger than risk.
*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. CAC40 - Elliott Wave Outlook Bearish Swings - Patterns: Triple Three structure in Cycle Wave IV (green) W (purple) - Zig-Zag X (purple) - Three (false break-out) Y (purple) - Simple Flat X (purple) - Contracting Triangle Z (purple) - Zig-Zag Bullish Swings...