Perfect bearish Gartley on French CAC40The chart is the CAC40 with dividends + the futures market prices (8am-22pm sessions). It's like the DAX futures.
We have a perfect bearish Gartley, with a sell signal today at the 78% Fibonacci level.
On the CAC40 index, the lower target (TP3) would be 4840 points.
CAC 40 CFD
Positive expectations in European markets #Ibex35 Spanish indexBME:IBC FX:ESP35 TVC:IBEX35
After the worries of Wall Street subside, the technical analysis tells us that we have entered an area far from the minimum of the year and waiting to rise slowly as it goes overcoming resistances.
1) Above the downtrend line (yellow), still remains 4 interesting resistances: 50 EMA, 100 EMA, 38.2% fibonacci (9826) and the week's maximun (9806)
2) American futures indices $SPX $YM $NQ DJ:DJUS broke out thru the falling triangle today but still waiting to see the close. European markets are affected by American futures positive & negative about #TradeWar, #ColdWar, #Tariff
3) Volatility is low now but you know what happenned with bad news #Trump #Tariffs #TradeWar #ColdWar
Excellent opportunity to consider these markets also:
XETR:DAX INDEX:CAC INDEX:MOY0 FY1! SX5E
Careful to be too optimistic there are doubts about issues: Trump, geopolitical risk, Syria, Russia, Cold War.
Big picture:
CAC40 SHORT!Have we got a possible short here guys?!
Prices could possibly travel all the way down to lows of 5080.0 . I'm waiting for this break and literally stalking our key level at 5240.0 . If of course, prices break to the upside of 5320.0 you could expect prices to wipe out our prior high at 5360.0 and potentially head higher, possibly towards the 5460.0 Region.
TP: 5080.00
CAC40 Bull PowerTrading method: RS ADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years. In this situation we are now waiting for Awesome Osci to go into positive territory for trade entry confirmation to resume this bullish bias. Market execution for entry, confirmation will be required for entry.
Risk Description: low risk trend continuation setup to continue this bullish movement.
Profit expectations: 18 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
RSI bearish divergence+ overbought Short at 5382have a nice Bearish divergence in H1
overbought much in h4,daily,weekly
Many Gap have not been filled too
the us stock is much overbought so i think they will correct also and so will make the ger30 and fra40 follow them move.
and the eurusd will cetainly make a small puback who ill weigh on the ger30 who i repeat is linked with fra40 not at 100% this last week but usually around 95% positive correlation
i enter at 5382 we can see he block since 3-4 candle h1 to pass it so it should return back first/
i open 2 position same as all time
1 will be cut at target 1 and second in trailing stop
for the Stop loSS i let you manage it lie is not a big trade cannot do a good ration if put SL so me i will put it around 5435 and the RR will be 1/2
This chart tells me Europe is about to collapseThis is a ratio between S&P500 total return and French CAC40 total return. It surprised me, but each time it touched a bottom of the channel, a geopolitic event occurred somewhere and both Euro indexes and EUR/USD collapsed.
2010 : First Greek debt crisis
2011 : Second Greek debt crisis
2014 : End of QE3 and bad economics in Germany
2015 : China bubble bursts
I dont know what could freak investors right now. May be bad economics in Germany, or Catalonia referendum, or simply US economy outperforming Europe, which would bring back investors.
CAC40 in USD : 100% fibo prolongation touched for the 4th timeThis is the the CAC40 index in USD currency (CAC*EURUSD), as viewed by international investors.
As you can see, since the dip in 2009, this pattern happened 3 times. Each time it broke out the resistance (red), the rally did continue to 100% fibo prolongation. The error was less than 50 points. After that the index felt immediately at least 13%.
Now it could be the fourth time ...
CAC-40 jumps to 12-week high, bias higherEuropean bank stocks cheered the prospect of higher Fed interest rates which should help their profits thereby pulling general indices higher.
Frances CAC-40 index jumped to a 12-week high of 5294, bias higher.
Better-than-expected economic data which included flash Euro-zone PMI prints for September also lent support.
Technical studies support further gains. We see bullish divergence.
The index has shown channel breakout and has breached 100-DMA resistance.
Price action now hovering around 61.8% Fibos at 5293, next bull target 5323 ahead of 5339 and then 5374.
Go long on break above 5293, SL: 5259, TP: 5323/ 5339/ 5374
CAC40 and other European markets: Excellent short opportunity!Top of the channel reached, bad fundamental data everywhere, US markets overshooting because of Trump, Bearish Gartley Pattern + Head and Shoulders pattern on the DAX (see my previous post), and so on.
It's bearish, with a very high probability.