Double top on CAC40A beautiful double top appeared on CAC40 index, the neckline has been broken this week. Down potential between -2.5% and -10%
Indices Europe
Viva Le France!Was able to find historical data for the French CAC 40 stock market going back to 1990. The price action going into 2000 is clearly impulsive and the French market has been tracing out a triangle pattern since. The European Central Bank will probably perpetrate another money printing explosion, after the coming market sell-off, to fuel another run up to all time highs in the mid-20’s. As I’ve seen time after time in these Socialist countries, the success of the people and businesses is belabored under the weight of Big Government, Heavy Taxes paying for social programs, and excess fiat money printing…
Morning star on Valeo $FPA beautiful morning star pattern can be observed on Valeo on the descending support. This pattern is generally very powerfull. A gain of 15% is probable with this pattern a break of the resistance canal is also possible with higher gains...
CAC Sell IdeaCAC Sell Idea @ Weekly Supply Zone (5480.00 - 5544.82)
Sell Limit: 5475.81
Stop Loss: 5560.09
Take Profit: 5187.62
Risk Management = 0.01/$100
Recommended Leverage not to exceed 1:50
Recommended Risk Ratio 1:1.5 – 1:3
Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level
Close partially the contract once it reaches 80% of the profit
FRANCE 40 LONG 2.2RR 200PIPS TARGETNOW TRADING AROUND SUPPORT REGION 5250 - 5300
TWO TARGETS SET 5420 AND 5500
Can CAC40 Breakout?The French shares have been moving higher so we believe this may be a breakout overpowering the sellers at around the 5505 area and continue to an upward trend and benefit our trade.
However it does appear that price is moving in to a triangle trend line so price may get squeezed by the pressure of the Bulls and the Bears before the CAC 40 Breakout is achieved.
matrice scalp cac intradayon ira de zone en zone la zone des 5350 serra à sell en cas d'avelment baissier 2 minutes sur le cac cet après midi pour aller chercher les 5308
cac40 sell i m selling cac 40 to reach 5000 at 5000 i will buy
now cac go down and go reach 5300 FIRST
Possible gain 5.60% ShortIn this configuration a simple triangle does not offer any tendency everything will play at the exit, if we break the support of 5360 points we can consider a decrease of 5.60% in support of 5060 points, if it does not then realize a head-shoulder this will form the head down
Short term sell setups in DAX on 30 MShort term sell setups in DAX on 30 M. Watch news flow, regarding market sentiment, during next 4-5 days for proper trade management.
CAC 40 - Watch the Flag PatternFollow the price action in the French index, still could see new lows.
CAC40 bearishYew - first time poster, just doing for my own records - but predicting a bearish pattern for France. seems to be sticking to fibonacci sequence too. PLEASE any ideas/criticism/advice would be much appreciated.
Gracias
CAC in the black list?CAC I do not trade this but is weird to hear a phone call from an old colleague of a French bank, but indeed this is not a call.
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CAC40 on a key resistanceCAC40 is fighting with a the key resistance of the 5500 this ressitance was tested 3 times over the last 2 years but never broken. Probability of a bearish reversal is 60%. Wait for a RSI divergence to confirm the downtrend.
CAC Sell IdeaCAC Sell Idea @Weekly Supply Zone (5458.79 - 5569.93)
Sell Limit: 5458.79
Stop Loss: 5571.93
Take Profit: 5200.00
CAC40 faces a strong resistance at 5540CAC 40 failed to break above 5540 as it is a clearly prevailing resistance Level.
Trade Setup could be established by selling the index here at 5504
TP1 5430 TP2 5365 SL 5580
