Rising Wedge signifying continuation of downtrend Rising wedge on the 4h, could this possibly lead to a continuation of the broader downtrend in the coming month?
Indices Europe
[$RNO] Les vendeurs doivent vendre ! Sellers need to sell ! FR/EN
Beaucoup de vendeurs lors du krash COV-19 ! Cependant ils restent encore des vendeurs dans le marché et les actionnaires qui ne croient pas aux orientations de l'entreprise doivent partir et laisser les croyants à la renaissance du fleuron francais, bien que pluriculture désormais avec Nissan depuis 1999 et Mitsubishi depuis 2017.
D'un point de vue technique, il faut laisser le temps de construire un vrai bottom , le plus bas historique à 12€, avant de reprendre la marche vers la hausse.
Pour une vision long terme, il est très intéressant de se positionner, pour autant , cela ne cherche à rien d'avoir le plus bas si nous avons un objectif à 5 ans ( moins risqué, moins prise de tête)
Le secteur automobile est fortement touché par la crise pour autant la demande est toujours là. Restons prudent
Stay Safe
PEACE !
--
EN
Lots of vendors during this pandemic crisis momentum ! However they are still salesmen in the market and the shareholders who do not believe in the company orientations must leave and let the believers to the rebirth of the French flagship, although pluriculture now with Nissan since 1999 and Mitsubishi since 2017.
From a technical point of view, it is necessary to give time to build a real bottom, the historic low of 12€, before resuming the upward march.
For a long term vision, it's very interesting to position ourselves, but it's not about having the lowest if we have a 5 year goal (less risky, less headache).
The automotive sector is strongly affected by the crisis, but demand is still there. Let's remain cautious
Stay Safe
PEACE!
I remain short the CAC40 index as from the Previous Post LinkedI remain short the CAC40 index as from the previous post linked,
I remain short the CAC40 index as from the previous post linked,
CAC40 Short Entry on Divergence 13:45:39 (UTC) Wed May 13, 2020As of the open today, the French stock market is down 32 percent from February. There's a broad based stock market crash going on, with financials down 42% year to date. For this, I will be shorting from these regions, and using the futures index as it's proxy.
13:51:33 (UTC)
Wed May 13, 2020
Asian-European Divergence 13:45:39 (UTC) Wed May 13, 2020Short to new lows, as the divergence seen in Asia has spread to europe.
13:45:39 (UTC)
Wed May 13, 2020
DAX EMAs Shows Bullish Stack; Line Up For Momentum PushThe above chart show's FXCM's DAX proxy - the GER30. We note that the orange 13-day EMA has crossed above the black 34-day EMA (green ellipse). This has put the EMAs into a bullish stack. I.e. the green 5-day EMA is above the orange 13-day EMA, and the orange 13-day EMA is above the black 34-day EMA. If the EMAs develop angle and separation to the upside, it will denote an unfolding positive momentum for the index.
The english market resillience in times of downturns.The FTSE100 is entering a consolidation and trading range between 5450 and 6332.
CAC40 In a good position, but not the best YETAs we can see, we are waiting for the retest in the tendence for the most risky ones, if you want the best operation, we need to wait the broke of the offert zone to enter in the operation with a really low risk!
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AIRBUS (AIR) Two Scenarios Explained
hey guys,
airbus is consolidating on a key structure support level.
the price is stuck on 50 level for more that one month!
on 4H we see a classic contraction with a formation of a descending triangle.
the side of the breakout of the triangle will show us the future direction of the stock.
because the trend is bearish, we are bearish biased here and we expect further bearish continuation.
however, in case of a bearish breakout out profits will be relatively limited.
we will aim at 40 and this will be the next key structure.
in case of a bullish breakout of a falling trendline, we can expect a bullish continuation,
and aim at 76 level.
be prepared for both scenarios and adjust your trading plan accordingly!
good luck!
Total - Next target at 20 EurGuys,
let's trigger a new short on Total.
Next target at 20 Euro.
Thank you,
Simone
CAC40 GOING DOWN**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Health Technology sector in the context of Covid-19With the Covid-19 situation, the health technology sector is clearly going to benefit in the short, medium and long term.
I can clearly a trend from the last 3 weeks.
02 March 2020, biggest monthly bear candle doesnt smell good, the knife is huge. I doesnt have any stats before on tradingview that can show something similar. A monthly red knife full of bear gap in daily. Just a opinion, not a trading advice.
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 !!
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!
