CAC40 - Potential Breakout on Cup & HandleINDEX:CAC40
Very interesting phase in the basket that contains the first 40 French companies per market cap, or the CAC 40.
The 17-year bearish trendline was broken 2 years ago and the bearish trendline has already supported it three times and now a Cup & Handle has been formed that could break out next week and become a potential asset to enter.
Indexes
#SP500 INDEX, On the way to breaking an all-time record?We have had Unconfirmed Double Top for the past few months.
Very bullish trend.
The Sp500 is on the way to test resistance at 3032 (an all-time record).
You can still buy and see that the sp500 crosses the resistance if the failure fails then it is worth thinking about a re-route.
Target: $ 3100
“EuroStoxx: going up as expected" by ThinkingAntsOk4H Vision Explanation:
- Price broke the Descending Trendline and started its up move.
- Price reached our first target at the Resistance Zone .
- Price has potential to move up towards our main target at the Major Resistance Zone .
- However, the Bearish Divergence could be indicating a pullback to the Support Zone before going up.
Take a look at our Weekly and Daily Analysis!
Weekly Vision:
Daily Vision:
Updates coming soon!
Russel futures crossdown formingOpened green but getting rejected at resistance like es and nq. On 30m chart a crossdown forming which could see a bit of a drop. I wouldnt be surprised to see all 3 indexes open in the red tomorrow. Puts held over weekend would make some money but not enough to be a big win per say. Still glad i stayed out this weekend. But as we know. One trump tweet could change the course drastically. Could see some choppy markets still until feds on 18th.
Nasdaq Futures green but at resistanceNQ opened up green but on a daily resistance level. RSI getting high but not too much into overextended area. Looking for break of, or rejection at this resistance level. Daily support below.might hold to EMAs. Opening bell will be a good indicator. Money Monday everyone! Start the week off GREEN!
/ES up but losing momentum..?S&P Futures opened up green but not by much. Looks to be losing some momentum. Watching this zone for break above or below with support/resistance targets above and below. Expect this to trade sideways .ahority of night and a good tell of direction at opening bell. Money Monday is here!! Start your week of GREEN everyone!!
SPX You Spin My Head Right Round Right RoundHello traders,
Our previous trade setup was perfect (refer to the related links below).
After the last up move, I believe we have completed a regular WXY correction and now we will head back down for the bigger picture ABC pattern to (2,750 - 2,700) range before reversing back to the upside!
Note: we could go up slightly from here but it will be a short move to complete a potential Z of WXYXZ but for now I think the pattern looks to be complete.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Don’t forget to like & follow, I will be posting forecasts & trade setups on a regular basis!
Thank you,
Good luck
"ASX: long vision in the short term" by ThinkingAntsOk4H Chart Explanation:
- Price bounced on the Support Zone.
- Price broke the Descending Trendline.
- Now, it has potential to move up towards the Resistance Zones.
However, in the Long Term we have a short view. Take a look!
Weekly Vision:
Daily Vision:
Updates coming soon!