Pivot: 7387.00
Our preference:
short positions below 7387.00 with targets at 7310.00 & 7270.00 in extension.
Alternative scenario:
above 7387.00 look for further upside with 7415.00 & 7440.00 as targets.
Comment:
as long as 7387.00 is resistance, look for choppy price action with a bearish bias.
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....
A price action below 7300 supports a bearish trend direction.
Further bearish confirmation for a break below 7200.
The target price is set at 7100.
The stop-loss price is set at 7500.
When the profit target percentage is smaller than the stop-loss in a trade, it indicates a risk management approach where the priority is to limit potential losses and protect...
The bull market still has a couple of weeks to go. We've completed wave A and B of the primary 5, and there is just one leg up remaining in wave C, which will take us to 8000.
I'll be listening to the French BFM radio as we approach the top. I want to hear them rejoice over "Le CAC40 pulverisant les 8000 points".
Then the bull market will end. I'm talking about...
Ever since the end of the bear market in 2009, the French and the world's economy were squeezing growth out of the weakening economy in non-organic ways, predominantly by borrowing more and by increasing the government spend.
Toxic social trends emerged and flourished at the same time: inclusivity, equity, belligerent feminism, dismissal of real masculinity,...
Pivot: 7430.00
Our preference:
short positions below 7430.00 with targets at 7337.00 & 7300.00 in extension.
Alternative scenario:
above 7430.00 look for further upside with 7480.00 & 7524.00 as targets.
Comment:
the index currently faces a challenging resistance area at 7430.00
SWING TRADE - FRA40
Weekly Chart
- Price is still going up
- Price is currently correcting, and is expected to go up since it breaks the Historical high price point
In Daily Chart, price is out of alignment and is correcting
- price is expected to bounce back from Daily Demand zone
- a potential buy trade can be found inside the zone
In H4 Chart,
- A...
Pivot: 7275.00
Our preference:
short positions below 7275.00 with targets at 7145.00 & 7080.00 in extension.
Alternative scenario:
above 7275.00 look for further upside with 7324.00 & 7362.00 as targets.
Comment:
as long as the resistance at 7275.00 is not surpassed, the risk of the break below 7145.00 remains high.
Here is a probability vs the possibility of France 40. It shows that the market is giving an ascending type of pattern and has been playing in between it. Failure to break IDM will result in strong sells but a break of the IDM will result in buys with further confirmation such as candlestick confirmation
Pivot: 7370.00
Our preference:
short positions below 7370.00 with targets at 7245.00 & 7210.00 in extension.
Alternative scenario:
above 7370.00 look for further upside with 7415.00 & 7440.00 as targets.
Comment:
as long as 7370.00 is resistance, look for choppy price action with a bearish bias.
FRA40 - 24h expiry
Previous resistance located at 7350.
Previous support located at 7250.
The trend of higher lows is located at 7100.
Further upside is expected although we prefer to set longs at our bespoke support levels at 7250, resulting in improved risk/reward.
A move through 7350 will confirm the bullish momentum.
We look to Buy at 7250 (stop at 7210)...
FR40EUR Showing a beautiful daily morning star pattern. Daily also maintaining trend. We are looking for a simple retracement and continuation of the bullish move.
-ITUProfessor
Several France company had enjoy massive stock gains since beginning of the year while US companies had layoff hundred of thousands tech workers. However this will not last long, as France money supply has been tightened since beginning of the year. CAC40 index shows that current run up in France stock is mainly driven by run up in US stock, which is not make any...
Heres a smaller time frame updated chart<>!<>$
+ GAP IN TIME FRAME LINE IS PURPLE + May 1st 2023 + through + June 5th 2023
price prediction hypothesis based on my knowledge, expertise, and basic SUPPORT & RESISTANCES
Thank you
Please Self-involve before trading off of J&B Investments Call Out's Please and thank you
DONT FORGET ABOUT THE MAJOR HIKE BACK...
Fun Fact! What is FRA40 index? The FRA40 is a benchmark index containing 40 of the biggest companies on the Euronext Paris exchange FRANCE40___?__+__?__ INDEX!!!!!! PLZ ANALYZE ATE YOUR OWN PACE use to your own RISK ALERT ADDED @ 214,748.36
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Later when the market opens.
It's in the value zone.
How we manipulate the situation to our advantage.
> I always scale bigger (1-3-7 etc etc) within range with stoploss fixed.
So if only 1 was hit.. will ride only that.
#2 hit ..
All depends on what the market gives me.
Market = supermarket.
You'd want to stack up at discount prices.
Stops = whatever...
FRA40 - 24h expiry
Trend line support is located at 7400.
Previous resistance located at 7450.
Price continues to trade within the triangle formation.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 7400 (stop at 7370)
Our profit targets will be 7470 and 7500
Resistance: 7450 / 7470 /...
