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.
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...
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.
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...
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought
Fib Retracement confirms a target to the Short side
Take Profit is Derived from Pivots
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.
CAC 40: BLACK SWAN detected
A BLACK SWAN has been detected, so a decline is highly likely.
-to monitor:
EMA.50 and EMA.200
Fibonacci
Levels “ICHIMOKU” Levels
