Hermes RMSWe are still in bear trend, confirmed with the bear flag, buyers are looking weak, we may go for new low.
Important to wait for confirmation !!
CAC 40 CFD
Short TotalEarly March Gap has been filled, and we see exhausstion in the buying volume, keep watch on the Pivot Point and if it break we are looking to short and see if we can reach new lows !
Clearly it seems like this is already rebound in place Seems to me that this is a clear rebound started with Italy cases declining, china back to work and the US firing 2 trillions package
Time to go all in ???? I think so but let me know your views
CAC 40 Index - heading towards 2012 lowEurope Markets entering strong bearish momentum.
France is at the beginning of the COVID-19 Pandemic, number of infected people expect to grow exponentially in the upcoming weeks.
France, Spain, Germany following Italy's state of emergency.
We expect now a lower low of the CAC 40 Index.
At the correction move to 4600, we can start shorting the Index with the price target of 2012's low at 2800.
Europe will enter in recession if serious state economic measures are not taken.
"Two of the EU's biggest states, France and Spain, have followed Italy in announcing emergency restrictions to combat the spread of coronavirus. France, a country of 63.5 million, ordered the closure of all non-essential places used by the public from midnight (23:00 GMT)." 15 March - bbc.com
Let me know your view in the comments down below!
AIR FRANCE KLM : Le support des 5€ va tenir un peu ou pas ? Comme d'habitude une petite idée pour suivre ce qui se passe :)
CAC 40 At Crucial Support CAC40 opened With massive Gapdown trapping all the bulls at higher level
This must have forced the small leveraged Trader to exit Their Position at the lower rates forcing the index downwards.
Index can Face Heavy Selling Pressure from tops
All the trapped brave Traders who didn't exit their position in today's fall will be waiting for their prices on the higher side.
So Sell on rise pattern could be seen in this index
CAC40 Is currently trading Below its 100 EMA at crucial Support Level of previous swing low.
Fresh Sell Off Can be Seen Below The swing low till 5720 Levels which is 200 EMA and 4th Decembers Low.
#CAC40, The big landslide has begun?We are still a long way from getting the double top pattern confirmation but we have an interesting start here, just in case the CAC40 dropped below 5000 points so the trend change will be final.
RSI + Stochastic 2 These indicators indicate more room for declines.
Target: $ 5450
DAX alternateInstead of the wave IV triangle proposed earlier, we could also get a wave IV expanded flat with a brutal dump.
Vers un retournement haussier ?L'action orange a atteint son point bas. L'indicateur Stochastic (34,5,50) est en sur-vente.
J'envisage une possible montée du titre vers la résistance des 15,00 euros.
FR40 (CAC) - Intraday LongWe think the market could bounce from the support trendline, but have also a conservative target. This is aggressive set-up without confirmation.
CAC40 Index: Fibonacci Level Combined With SupplyThe price creates a fresh supply above which also 0.236 Fibonacci level of the last drop in the price.
It is a great level to sell CAC40 Index on the first touch,
The first target will be demand - 1 and the final target is demand - 2.
US could impose 100% tariffs on French goods after Google taxWhat was President Macron thinking about designing a tax for tech companies... A quick reminder, it will be separated in two categories — marketplace (Amazon’s marketplace, Uber, Airbnb…) and advertising (Facebook, Google, Criteo…). Despite the fact it wasnt planned specifically for American companies, the vast majority of big tech companies that operate in France are American. Thus, a company that generates more than €750 million in global revenue and €25 million in France, will have to pay 3% of the French revenue in taxes.
As expected, the U.S. Trade Representative claimed that“France’s Digital Services Tax (DST) discriminates against U.S. companies, is inconsistent with prevailing principles of international tax policy, and is unusually burdensome for affected U.S. companies.” And, as a result, now we might see tariffs that could be as high as 100% on French goods (wine, cheese, handbags…).
What is going to happen now? Frnce will say that the response will be equally damaging, but i personally doubt they manage to impose significant tariffs unless the whole European Union agrees to cooperate and istart acting. However, even in this case no one can guarantee that th EU will achieve something worthwhile... So, with a high probability we will see another decrease in the Cac-40.
New Bubble ?The CAC 40 is trading near new high at 5730 after breaking a major resistance at 5650 becoming now a support, the trend is Bullish but the question is how far can we go in this new bubble ?
5800 ? or more or we will come back to 5650 ?
so my strategy is to wait for a close above 5700 to go long to target 5760 -5770
but if we close below I am neutral till the break of 5650
TRY ENTER SHORT AROUNT 5775-80 for 3 tp short timeshort #CAC40 at 5776 if you cant catch it,try tom around 70-80 and sell,the plan its simply to take the correction of a bearish rsi divergence + we are on monthly resistance and a bit overbought so 3 Tp like that each tp you cut 33% of your position
a bearish chanel forming on us indicesjust a simple a view of a bearish chanel on sp500 it can be use as signal or entry point.
i draw a basic chart for it been clear
CAC 40 NEW HIGH the CAC 40 break a major resistance at 5660-65 and trading now at 5690 making new high , I think that this push might continue and we will reach 5700-5730 soon unless some Geopolitical issue or Tweet over the trade war is made
You can go long to try target 5730 but for me I will Wait to short because the uptrend dont have very much way to go
Cac 40 Bear Trap ? new high or correction ?The CAC40 is on a bullish trend but show some weakness trying to break the resistance at 5660-5665 but it is so obvious that I might think that is a bear trap and we could make new high trying to reach 5700-5730 before starting a correction so for now my strategy is to wait for a better signal to short
