BORSA ITALIANA - Toss a coin for now but SELL at 5083Key levels drawn, asset moving sideways in a tightening channel. We will be selling at 5083!
CAC trade ideas
CAC 40 - sell at 5080/ wait at 4732 / buy at 4180Key levels for CAC-40, We see more trouble than happiness on the chart for the French index
CAC40: Is a bear market ahead of us?The CAC40 broke its long-term support and failed to get back above it, while the 50-week moving average broke downward the 200-week one.
Cac40 will continue downAs expected before.
Cac40 after the break down of the channel it comeback to test the resitance and will continue down
FRA40 shortFRA40 let's go this is another index am watching and am currently looking a sell position.
short on a 20 bouncelooking to take this short as there is plenty of room for down side and we are below the 3 main moving averages on all time frames
Cac40 2 scenarios tomorrowThere is 2 scenarios tomorrow :
If cac40 can break down the resitance will arrive to its target
else the price will continue up of the channel
cac40 : cassera cassera pas that's the question nous reston neutre à la question même si on a un biais qui a très envie que ca chute à 3500
Cac40 in still yet in the ChanelIf price break up or down the Chanel will be a good opportunity to sell or bay the cac40
FR40EUR Bermuda TriangleHi Traders
buy \ sell on Green line
Take profit on Gray line
2 atr stop loss
drive safe
cac40 : for sure this not V pattern this is squarer root looolcac40 : for sure this not V pattern this is squarer root loool
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 👎
CAC 40A pennant on the daily chart has developed. Attempted to break during yesterday's session, but came back to close inside the structure. A clear break to the upside will suffice for me pull the trigger, but I might wait for the 200dma (which is on its way) to be cleared first; then my target will be 6,000.
Time to go long - CAC 40For the last 3 months, CAC 40 has been consolidating at the range , 4750 to 5166. With the latest stimulus , I expect the price action to break out of the box soon.
I will consider a short term trade once the breakout happens.
