I could make up a bunch of stuff to make you believe in my setups. The truth is my analysis doesn't matter. I could have flipped and coin and made up anything lol. Anyways, this is my trading setup. Letting the lines do all the speaking. Have a blessed day.
Pivot 7624.00 Our preference Long positions above 7624.00 with targets at 7700.00 & 7748.00 in extension. Alternative scenario Below 7624.00 look for further downside with 7600.00 & 7574.00 as targets. Comment The RSI is mixed and calls for caution. Supports and resistances 7760.00 7748.00 7700.00 7681.50 Last 7624.00 7600.00 7574.00 Number of...
The CAC40 has begun its up journey in what is being labeled currently as wave iii of WAVE 3. This particular sub-dividing leg is projected moving towards EUR8100-8150 zone. The final projected target zone for the bigger wave 3 however comes in at a much higher level of EUR 8750.
Hello, Embarking on the journey of creating a portfolio of stocks can be both exciting and challenging. One strategy that many investors consider is using a well-established index as a basis for their portfolio. In this article, we will explore the steps involved in building a portfolio with the CAC 40 Index, a benchmark index representing the 40 largest stocks...
Introduction: In the dynamic world of financial markets, staying ahead of trends is crucial for successful trading. Technical analysis serves as a powerful tool for identifying potential opportunities, and currently, the CAC 40 index is exhibiting signs of a correction, forming a wedge pattern that could indicate a short-term sell opportunity. Understanding...
- Prices have been trading upwards since the end of October 2023, the market is therefore in a medium-term bullish trend. - Very recently, and since the establishment of a new all-time high below 7,655.0pts, the market has retraced towards its double support at 7,400.0pts. Prices are now trading below the two 13- and 21-period exponential moving averages, which...
FR40EUR - 24h expiry There is no clear indication that the downward move is coming to an end. Risk/Reward would be poor to call a sell from current levels. Short term RSI is moving lower. A move through 7400 will confirm the bearish momentum. The measured move target is 7350. We look to Sell at 7450 (stop at 7490) Our profit targets will be 7350 and 7330...
Possible bullish head and shoulder pattern on this low timeframe, higher timeframes bullish signals. BH&S pattern average violation of neckline is around 70% distance of pattern, if breakout- up after 70% anticipate no pullback to test breakout line. Lower timeframes like 15m and 5 min will be used to gauge bullish/bearish momentum around neckline. Always...
French empire still exists secretly in africa. french equities moving nicely within a channel I expect asset prices to fall in the coming years but i give the central planners credit for maintaining inflated asset prices for so long. But then again adjusted for real inflation equities havent gone anywhere in years.
F40 Cash Index is making a Bullish Continuation pattern as there is a Bullish Flag and also there is no divergence.
RSI few days ago was record high 82 on daily chart, which means the market heavily overbought. No market is going up constantly. Correction is expected to happen anytime, with two potential targets at 20EMA or 50EMA. I don't believe the approach of soft landing on recession. In my opinion the recession will come and when it comes, it will hit hard. It's normal...
I belive #LVMH driven french rally came to the end. After Santa is back to home, CAC40 will free fall
One of the primary reasons supporting the notion of a potential market reversal is the historical price resistance at the 7580 level. Chart analysis reveals that the CAC40 has struggled to sustainably breach this level in the past, with multiple failed attempts resulting in bearish reversals. As the index approaches this critical resistance zone, traders and...
the detail is shown in the above chart. I made this Idea based on Descending Channel Analysis and Harmonic pattern using Fibonacci tools. Bullish Butterfly Pattern Will Start at 6.9k CAC Butterfly Needs correction before flying into Sky. butterfly wing likely will Touch edge of the Channel.
It is not recommendation but just my opinion I believe that we are going to see bearish market for 1-2 weeks
While news and events typically have a significant impact on trading indexes, there can be situations where certain factors mitigate or dampen their influence. Here are 10 hypothetical reasons why news and events might not have a substantial impact on trading indexes, considering the context provided earlier: 1. Market Stability: In a period of overall market...
FRA40 - 24h expiry There is no clear indication that the upward move is coming to an end. Dips continue to attract buyers. Risk/Reward would be poor to call a buy from current levels. A move through 7300 will confirm the bullish momentum. The measured move target is 7350. We look to Buy at 7240 (stop at 7196) Our profit targets will be 7350 and 7375...
CAC 40: 3 strong signals detected: WOLFE wave + SHARK + Strong HENRY-DAVID. The EMA.50 and EMA.200 are potential targets. To see: Fibonacci, ICHIMOKU and Bollinger levels Wolfe's ascending wave is confirmed: TP1 has already been reached.