CAC bearish (15M chart)
📌 A short update on French Equities that are also full of dramatic events. The nature of the down cycle came after the infamous leg we played to the topside and began profit taking. How to spot an early discovery of the flows? The diagram clarifies the relationship between the ending of wave 5 and the beginning of the initial 'A' leg with Covid. This...
As of the open today, the French stock market is down 32 percent from February. There's a broad based stock market crash going on, with financials down 42% year to date. For this, I will be shorting from these regions, and using the futures index as it's proxy. 13:51:33 (UTC) Wed May 13, 2020
As we can see, we are waiting for the retest in the tendence for the most risky ones, if you want the best operation, we need to wait the broke of the offert zone to enter in the operation with a really low risk! For more operations and analysis of this and other Index and Forex pairs, follow me and give a like for the effort!
Covid-19 outbreak will harder than 2008 subprimes crisis. Get ready for the fall ! Already 30% of my equity with x10 leverage SHORT. TP @3100. Have fun guys !
We might rebound toward 4200 but the trend is still bearish and this monthly candle is scary... technically a bear market have 3 phases: we are only on the first phase where we assist of a fast decline on prices the second phase is like a bounce to retrace a little from the decline then the last phase where price continue their decline but slowly For me my...
We broke a weekly canal started in 2011 !!! and we managed to close just above a support at 4619 when we will break it then .... short now and try target 4012 this scenario is invalid if close above 5050
i m waiting for 3 methods bearish and another use dip candle
We are still a long way from getting the double top pattern confirmation but we have an interesting start here, just in case the CAC40 dropped below 5000 points so the trend change will be final. RSI + Stochastic 2 These indicators indicate more room for declines. Target: $ 5450
short #CAC40 at 5776 if you cant catch it,try tom around 70-80 and sell,the plan its simply to take the correction of a bearish rsi divergence + we are on monthly resistance and a bit overbought so 3 Tp like that each tp you cut 33% of your position
CAC40 BEAR SETUP AFTER BREAKOUT AND AWAITING RETEST
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
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
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...
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.