Big Pattern = Big Moves
Long consolidations = Fast Breakouts
The #NIKKEI had a beautiful chart pattern and we are seeing the explosive up moves occur in that market.
The French stock market - along much Europe hasn't done much for over two years
But we are quickly approaching Target 1 of a large --- non conventional HVF
Is it monetary stimulus or economic...
overbought
whiel in france many protest that bkcoked the country and economy not strong but enouhg for next data will be bad
ther eno reason for up,me as french i thoug it will crsh but it folow us stock
The CAC 40 started today's session in the green after several rebounds on the support of 7550. This key level seems to be holding and now the French index is on a bullish momentum. My medium term objective is 7840.
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.
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...
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.
If you've just been a position (swint trader) with shares this year.
You'll know it's been bvery difficult and challening.
We've seen world markets move in a sideways motion which I like to call the Twilight Zone.
FTSE 100 - UK-
DAX 30 - Germany
CAC 40 - France
ASX 200 - Australia
It breaks down, it goes back up into the range.
It breaks up and it goes...
ORANGE: GARTLEY detected!
Rebound possible!
Wait for the “rectangle” area before attempting a purchase!!!
To Watch: EMA.50 (H2) and EMA.200 (Daily).
Fibonacci / Bollinger / ICHIMOKU levels.
I've been trading since 2003.
And if you're a position (swing trader , medium term) trader, you'll know there comes a time where the markets flow in a difficult range...
There are two types of markets when it comes to strategies.
Favourable and Unfavourable.
Right now, I don't mean to speak for everyone else, but I believe the markets are in an unfavourable...
i wont say much stuff,but what i will say ,its full fundamental and what happens in the country
#cac40 (fra40 outperform many index,if its not all) while in France all gone bad since many weeks
Big protest and it is not finish..
next data will surely be down as protest had block few sector
the President public opinion had never been so low u can go on twitter...
Key events:
USA - Initial Jobless Claims
USA - Crude Oil Inventories
On Wednesday, global stock indices experienced a downturn, while the benchmark US Treasury yield surged, and the US dollar reached its highest point in six months. This surge was driven by strong data from the US services sector, indicating that inflationary pressures continue to be a...
Key News:
Australia - RBA Interest Rate Decision (Aug)
UK - S&P Global/CIPS UK Manufacturing PMI (Jul)
USA - ISM Manufacturing PMI (Jul)
USA - JOLTs Job Openings (Jun)
On Monday, both Wall Street and global stocks displayed minimal changes, indicating relative stability in the markets. However, oil prices recorded some gains, and the US dollar remained...
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....
All in short.
All the FUD during the last weeks is about to be priced in. So much fun is coming after $SI liquidation, now we have Silicon Valley Bank fud.
Let the greedy bulls era end and spread to Europe.
PS : Sorry I'm being emotional (but this is drawing a nice rounded top)
FRA40 - Intraday - We look to Sell a break of 7509 (stop at 7561)
Previous support located at 7500.
Previous resistance located at 7570.
Price action looks to be forming a top.
Short term momentum is bearish.
A move through 7500 will confirm the bearish momentum.
Our profit targets will be 7385 and 7365
Resistance: 7570 / 7600 / 7650
Support: 7500 / 7350...
FRA40 - 24h expiry -
Doji-style candle has been posted at the high.
Previous support is located at 7475.
Previous resistance is located at 7525.
Price action looks to be forming a top.
Short-term momentum is bearish.
A move through 7475 will confirm the bearish momentum.
We look to Sell a break of 7479 (stop at 7545)
Our profit targets will be 7325 and...
A bonus trade for you for today, on the chart you can see that the price was consolidating then cut through the channel and now it kept going down. Get in and set SL and TP at your own risk
I'm sorry I can't publish the only after giving my private clients signals after the market moves. Still you can make some profits.
