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
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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 /...
FRA40 - 24h expiry
Previous support located at 7350.
Previous resistance located at 7425.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
We look to Buy at 7325 (stop at 7275)
Our profit targets will be 7445 and 7450
Resistance: 7425 / 7450 / 7500
Support: 7350...
Today's focus FRA40 CAC
Pattern – Support hold - continuation - HL
Possible targets – 7465 - 7600
Support – 7315 - 7360
Resistance – 7460 (ST)
Indicator support – CCi close to 0 cross – 38.2 fib area
Could we see a new leg higher on the FRA40? After Monday's holiday, price has opened lower on Tuesday, but there are a few bullish signs we are watching that could...
hi,
Right now we have a strong field of distribution on the market. The main point of CAC was in 7586 points. The index did not continue to move up and right now we see that direction is on the south.
Stocks of banks were very high and we have a distribution on UniCredit or Credit Agricol. The stocks did not move up all the time and we had double highs on...
FRA40 - 24h expiry -
Previous support at 7500 now becomes resistance.
We are trading at overbought extremes.
We look for a temporary move higher.
A higher correction is expected.
Short term bias has turned negative.
We look to Sell at 7509 (stop at 7569)
Our profit targets will be 7361 and 7331
Resistance: 7470 / 7500 / 7535
Support: 7420 / 7400 /...
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...
