FR40 trade ideas
CAC shooort! sHs patternINDEX:CAC
Not much to say, but its time for a light short, with a tight stop. And wait for the goodbye kiss so we can resell, and another short when the sHs limit breakout.
CAC40 60min chartI believe CA40 will keep going lower again. On a 60 min chart the index found a resistance and it might complete the ABCD pattern as shown on the chart. By using fibo extensions I've found a support zone which could be a target for shorts.
CAC40 Bearish Target.The CAC40 looks extreamly weak. It seems that the Index price is heading towards the 5.000 level without any hesitation.
Good luck fellow traders
CAC40 triangle break out and Elliott wave #5 up to 10000.CAC40 triangle break out and Elliott wave #5 up to 10000.
Swing Trade With The CAC 40 TrendThe CAC 40 broke out of its November pivot high. This market action builds not only the stage for a French but also probably for a European rally during the next weeks!
As of now, the only terminal elliott wave structure that meets the rules & guidelines is an irregular flat into primary wave 2(circle). We do not embark onto this scenario unless last weeks pivot low 5474 gets broken and leaves us with 3 waves to the upside instead of 5 waves into minor wave 3.
Hence, we expect the CAC 40 to extend higher.
S/L 5474
T 5950
CAC40 Daily chartThursday's candle was undecided, but friday was completely something else. Buyers jumped in and the price closed above my S/R zone which became a support level and a reason for me to add to my long positions.
CAC 40 Daily chartCAC 40 had a 2 days though break. It is still within support/resistance zone, but just like DAX there was some profit taking and if the price goes below the zone we might see some more selling in coming days.
High & tight flag prediction for CAC 40We should be hitting red area as TP.
This is just an idea, not an investment recommendation.
FRA40 Daily chartFrench index is stuck for a few days at the 01/11/17 high and fails to break out. We might see some selling and targeting previous support level. If it breaks through the highs we might see some strong buying reaching new highs.
CAC40, back to 5300 for end januaryCAC40 cannot break the strong 5500 resistance, buyers failed multiple time to take the price over this limit. The price has drawn a double top in the resistance horizontal canal. Since yesterday, sellers takes advantage and have created a new bear canal. In case tomorrow the support of the 5480 is significantly broken, the price will decrease to 5300.
Bearish Short Term #Elliottwave Triangle In CAC 40It is likely that the contracting triangle played out in the CAC 40. The triangle counts as complete at this point. We expect swift price action to the downside into the 5,150-5,235 area. We'll focus on a buy the dip opportunity accross Europe rather than shorting at this stage.
CAC40 4h LongGood buying opportunity RSI oversold level of support looking for targets higher 3:1 RRR
A positive end to the year for the CAC40??After yesterdays negative day for the #CAC40, a bullish triangle pattern, also coinciding with Fibonacci support & resistance zones building out??
