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CAC 40 CFD

ridethepig | French Equities into the election and beyond📌 An update to the map for French Equities By now we should have all positioned our portfolios defensively and be sure that in doing so by covering we are ensuring that our opponent will not try a steam roller! Think back to the diagram and follow the flows.... We have a typical position here in which French Equities can be sold actively. Thanks to the economic slowdown, covid and election risk, we can quickly bring about the attack of our targets. Sellers have already completed the difficult part of the move, but we must not go to sleep on the job! For the sake of the discussions here, encourage all those who are trading the moves down in equities to start sharing their charts and views in the comments and we can further the conversation and developments.
TVC:CAC40Short
by ridethepig
4
ridethepig | CAC40📌 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 change we played with more weight together in DAX which was pinned at the highs. Here is the brief reminder in DAX: Since we know we are in-between an ABC corrective leg the little inner flows can be played however we want because we know we are protected from the powerful macro direction. Targets: 4,200 and 3,600 before anything else is resolved to the topside would be very useful for trading the next cycle up in 2021/2022. Thanks as usual for keeping the feedback coming 👍 or 👎
TVC:CAC40Short
by ridethepig
2
CAC40 - Limited upside within the wedge FRA40 - Intraday - We look to Sell at 5170 (stop at 5220) Buying pressure from 5012 resulted in all the initial daily selloff being recaptured. Due to an Ending Wedge formation, we continue to treat extended gains with caution. Bespoke resistance is located at 5174. The trend of higher highs is located at 5200. The formation has a measured move target of 4681. Our profit targets will be 4685 and 4650 Resistance: 5170 / 5200 / 5230 Support: 4947 / 4682 / 4650
FOREXCOM:FRA40Short
by Signal_Centre