The French CAC40 has struggled to break above the resistance zone into all time new highs. The ECB has promised cutting rates further negative and more stimulus...we shall wait to see the developments, but so far the markets have already priced that in and sold off today after the announcement.
The CAC40 on the 4 hour shows 2/3 market trends. We had an uptrend...
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.
Trade idea
CAC40 got held near its April high, at around 5600 barrier. If the index breaks above it, we may see the price moving further up, to test the 2018 high, near the 5657 zone.
This is a quick shout-out. The chart is self-explanatory. Please see the levels and targets on it.
Don't forget your stop-loss.
Hi Guys the FR40 is finally completing the B wave of a bigger flat correction, I have been tracking it for a while , I am anticipating it to break the top before a reversal to the downside.
*Wait for flag then sell the breakout once the trend is broken.
Trade with care
Thank you for your support
Price is stalling in significant resistance zone. Consolidation after exhaustive bull run.
Looking for a fast breakdown moving away from the entry similar to last drop from previous swing high.
OANDA:FR40EUR
Trade Idea
This is just a quick shout-out on CAC40, which has broken the short-term downside line and also one of the key resistance barrier at 5345.
Please see the chart for levels and targets.
Don't forget your stop-loss.
Trade idea.
Yesterday, the index managed to recover some of its losses and traveled higher to test the short-term tentative downside line. If that line continues to hold the rate down, then we could see another round of selling. But if it breaks and we see at least a 4-hour candle closing above it, this might increase the chances for a further push higher. That...
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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...
figure chartiste bullish. Si la ligne de coup casse elle ouvre la voie à un rebond court terme. Impérativement attendre la cassure, voire un pull back avant d'entrer, le mood n'est pas à la fête en ce moment. Mais le support est d'importance ! Affaire à suivre
SHS on 1D near to break down. Just did a pull back to upper side of bearish directrix today leaving a 4H bearish candle and way to live it in 1D also. It could break down soon this week.
Likely to go down until 0.618 fibo retracement (around 4950). I would set sl at around 5415.
Le CAC est-il à la croisée des chemins après un automne et un début d'hiver rigoureux, suivi (trop rapidement?) par un rebond spectaculaire?
Une banale analyse chartiste doit au moins nous ouvrir l'appétit et nous forcer à rester les yeux grands ouverts.
