For half a #week #Breakeven &/or #LongTerm #LONG (to be continued: ) #StopManagement and #Exit after Monday's Entry #European #Indices
Based on a convergence of factors including those in the chart I am selling CAC 40 today. Expecting this trade to last all day. Might take till tomorrow.
Reached the same high as you can see now I personally can see it doing a downward spiral unless some news breaks out!
Hi traders, this is my view on FRA40 the french economy indice. Here we can see a perfect educational market struktur to show how important it is to know the work of fibonacci retracement. Beweent 0.786 & 0.618 Fibonacci retracement is the golden zone to enter for trendfollowing trades. And what does the price? The price on this indice change the direction at...
The trend of the CAC 40 in recent years is an uptrend. in October 2011 the Cac has undergone a technical correction of 1200 points and then very quickly he returned to his upward trend, in October 2015 after a long rise the Cac has made technical correction of 1000 points pretty much like the first time and quickly took it back bullish trend, in October 2017 the...
Le CAC40 arrive actuellement sur sa MM200 qui coincide également avec l'extension de SSB De plus il est éloigné de sa Tenkan, on peut donc s'attendre à un repli vers celle-ci aux alentours des 5100 L'indice devrait être baissier à moyen terme
CAC40 is approaching our first resistance at 5184.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4950(38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension ) Stochastic (89,5,3) is also...
CAC40 is approaching our first resistance at 5184.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4950(38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension ) Stochastic (89,5,3) is also...
Price at supply Area Potential move to the downside expected Preferable to wait for a break of 3186 to confirm the downside move
CAC40 is approaching our first resistance at 4931 (horizontal overlap resistance, 38.2% & 38.2% Fibonacci retracement, 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4556 (61.8% Fibonacci retracement , horizontal pullback support) Stochastic (34,5,3) is also approaching resistance where we...
Just for testing purposes
I am quite new to it. Let's see what happens with this first test
This potential sounds crazy to some, but if I see the waves correctly, the "true" crisis wouldn't actually happen this year but maybe in 2-3 years! Are we simply back to 1937?
In fact, if we are indeed in the longest bull market in history, then we may be only starting to create wave 5 if what I consider to be wave 3 is in fact ... wave 3. This is puzzling me, a lot.
There are a lots of alignments. I believe it is time to go short deeply for aggressive traders by going against the bullish "wave analysts" advocates. There is clearly an hierarchy here. People are starting to be bullish post "low vol" breakout. Don't go long the climax. Study what happened in previous decades before stock market crashes.
The CAC40 pulled back to the breakout level, completed different patterns and reached their targets. I know that some people studying waves believe we could still go up, but I think there should be quite a good sell-off during the next week. I could indeed be wrong, so we shall see. I've noticed that a few rarer or uncommon patterns appeared. Need to study hard on...