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....
I believe the French 40 is still in a sub wave 4 correction, it should retrace more, before making a final correction down to 61.8 extension. It should then head back up to make its final wave 5!
This market has seen significant selling this week, we project a reversal to begin and perhaps longs through the whole of next week.
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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...
Huge pattern guys.
I have never seen the bulls with such confidence they we forget where they come from and that one day or another the price will come back to correct here in a very short time I analyze the social networks is it is incredible how bulls are BULLS no limit
warmly the holy correction of the ganges
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Hi traders and investors , we have a nice breaks of the great support . so the price will go down
if you have any suggestion or note leave in the comments
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).
SBF120 is tracing the final stages of a this wave 2 complex corrective wave. The probable end target should lay between 3,850 and 4,080. After this wave 3 should carry the index to new lows. If the index crosses down 3,580 the odds are that wave 3 has already began. FOLLOW SKYLINEPRO TO GET UPDATES.
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The market is in a recovery mood . The actual range can possibility be a good entry for a short direction profitable trade.
The upper level can possibly see a nice entry for long direction trade, BUT, beware of pullback because it is a strong resistance line. If...
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