The FTSE100 index is approaching a critical 2.6 retracement level of the previous uptrend, and it could be good time to buy. However, with the Brexit news and Theresa May woes, just hold your horses for a bit. The index is still largely in a sell-off fueled by the lack of confidence surrounding the Brexit deal and seemingly the vote to be held tomorrow. The...
I will try to find extra cluster of evidences. However emember that 4630-4688 could perhaps somehow block unless these levels are destroyed with high momentum.
I need more confirmation before I know for sure we are entering into my 3rd proprietary cycle. This could lead to a huge downturn to 4200-4250 very quickly.
Cac40 has been opening with quite a gap today just like most other indices.
Price has made a lower low on the m5 and I will be trading it down to close the gap.
If price moves down I will add aggressively so I max my profits.
Watch the other indices closely as they are not there yet and a reversal might still be possible.
Trade safely...
*** If you like my...
Not confirmed yet. If it is, it would be an opportunity for some shorts/longs inside the triangle and at the end we should see a bearish continuation to find a support around 4600.
Any thoughts on this idea? Let me know!
Hello everyone,
Today I will share with you my first analysis. Please be indulgent and any advices are welcomed :)
In my opinion, I think we may have found a bottom for Airbus ( EURONEXT:AIR ). The current trend is showing some weakness as volume is going down and RSI is showing divergences on the daily and the 4h chart. A daily close above 95 could be a bullish...
Do we reteste the breakout of the triangle related to CAC40 ?
A rejection of the 4900 upside would be ultra bullish
If we close monthly above -> would be very interesting
The French stock market is painting an inverted triangle formation. Though not yet confirmed, this can portend lower prices ahead. We are currently rounding over. A weekly close above the prior weeks' high would negate bearishness for now, whilst a weekly closing below the last swing low would confirm the pattern and target the purple area.
While pundits claim...
