Fr40
Confirmed Broadening Top. Partial recovery is generally to be expected following the completion of a broadening pattern. In most cases, a rally will develop shortly after the level of the fourth reversal has been broken. This rally seldom gets beyond the half-way level between the last top and the last bottom of the pattern.
When it works, this rare pattern is exceedingly important, and generally marks a critical turn from bull to bear market.
When it comes to taking a short position, the conservative policy is to wait for the rally and to sell when prices have recovered about 40% of the decline which completed the broadening top.
FR40EUR SELL (FRANCE 40 - EURO)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
CAC40 BUYBullish on equities correction should end soon. If not here we will look for entry levels lower. RSI oversold with divergence.
CAC40 - Bullish trend can restartThe configuration of the CAC40 index is very interesting, buyers and sellers are fighting around the temporary support of the 5350 points (red dotted line). The very strong support of the 5300 has been tested 1 time last week. In the coming days the 5300 support line will rejoin major ascending support @5300 points, if the CAC40 price haven't break the 5300 support before the 2 line rejoin, a super support will be created and it will become very difficult to break it. This can initiate a new strong bullish trend for end 2017 / beginning 2018.
