CAC40 BEAR SETUP AFTER BREAKOUT AND AWAITING RETEST
Trade idea. For now, the CAC40 continues to lose ground. But, given that it already quite overstretched on the shorter timeframe, there might be a chance to see a bit of correction before another leg of selling. Please see the chart for levels and the alternative scenario. Don't forget your stop-loss.
Sharing my observations around CAC40. Given the multiple divergences observed I'd think a small short would apply here. Setting TP to the confluence point between both Fibos: current wave and the larger one.
If 5688 is broken, h&s is invalid At the moment It seems as if it wont break 5673. If 5673/5688 is not broken, FRA40 is probably going to rush down to 5597 first, then consolidate to a bearish base and continue downward to around 5460~
the CAC 40 break a major resistance at 5660-65 and trading now at 5690 making new high , I think that this push might continue and we will reach 5700-5730 soon unless some Geopolitical issue or Tweet over the trade war is made You can go long to try target 5730 but for me I will Wait to short because the uptrend dont have very much way to go
FRA40 is hitting a strong long term resistance at 5664 Turning bearish and looking to take profit at 5452 short term
The CAC40 is on a bullish trend but show some weakness trying to break the resistance at 5660-5665 but it is so obvious that I might think that is a bear trap and we could make new high trying to reach 5700-5730 before starting a correction so for now my strategy is to wait for a better signal to short
INDEX:CAC40 Very interesting phase in the basket that contains the first 40 French companies per market cap, or the CAC 40. The 17-year bearish trendline was broken 2 years ago and the bearish trendline has already supported it three times and now a Cup & Handle has been formed that could break out next week and become a potential asset to enter.
shorting the F40 index , technicals - inside of the channel, 3 touches top, also formed a tripple top, Fundementals - performances of indexs slightly lower, some of the higher IV's is what will bring the index down. expecting -8% for resistance,
As you can see in the monthly chart we have high chance to spike the tops and test 6000 zone. Therefore i look to buy only - as long we are above 5500 . best of luck :-)
Serious resistance In 5642, 3 serious attempts failed. Stochastic Overbought. Despite the rise of the Cac40, there are some signs (written above) of possible price correction. Target: 5470
That is a very good question regarding CAC40. The price gives us a bearish signal. As the price is around the resistance level which is also around 61.8% fib lvl of the original drop. Since the trend-line established Dec 2018 broken, we can consider this rising wedge as a correction. But what if it doesn't happen as we planned? The backup plan is also included.
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
Markets are volatile and with the yield curve inversion, uncertainty is heightened in the short-term we can see a lot of down and up swings making it a great opportunity to trade short-term on indices. I chose CAC as it is less volatile compared to FTSE 100. This is my first post.. lets see how it goes!