CAC 40 CFD
France is breaking down as well?EURONEXT:CAC is another index losing support right now, which if no recaptured in the upcoming hours may lead to another 10% decline in the upcoming days/weeks.
ridethepig | French Equities into the election and beyond📌 An update to the map for French Equities
By now we should have all positioned our portfolios defensively and be sure that in doing so by covering we are ensuring that our opponent will not try a steam roller!
Think back to the diagram and follow the flows....
We have a typical position here in which French Equities can be sold actively. Thanks to the economic slowdown, covid and election risk, we can quickly bring about the attack of our targets. Sellers have already completed the difficult part of the move, but we must not go to sleep on the job!
For the sake of the discussions here, encourage all those who are trading the moves down in equities to start sharing their charts and views in the comments and we can further the conversation and developments.
ALNOV NovacytStunning NOVACYT ALNOV here have its graph with supports and resistors we are bullish, we see good levels like that of 9.00EURO.
We'll see how this bullish rally continues but we think it will stay above the 9Euro level for some time keep it in sight.
Sincerely L.E.D. Be safe !!Allez Novacyt!! :))
In Spain at 16/10/2020
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 will continue downAs expected before.
Cac40 after the break down of the channel it comeback to test the resitance and will continue down
Jolie polarité sur LAGARDEREBelle polarité entre le pullback sur la résistance hebdo cassée et un support oblique ...
un peu tôt, en attente de signal mais intéressant
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
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 👎
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.
IBEX & CAC40 Short Position Updates from Jul 31 Short SignalsThese trades remain open from the original sell signals given on Jul 31
23:33:15 (UTC)
Sun Aug 2, 2020
CAC40 - Limited upside within the wedge FRA40 - Intraday - We look to Sell at 5170 (stop at 5220)
Buying pressure from 5012 resulted in all the initial daily selloff being recaptured. Due to an Ending Wedge formation, we continue to treat extended gains with caution. Bespoke resistance is located at 5174. The trend of higher highs is located at 5200. The formation has a measured move target of 4681.
Our profit targets will be 4685 and 4650
Resistance: 5170 / 5200 / 5230
Support: 4947 / 4682 / 4650
CAC40 - Selling rallies near the wedge top FRA40 - Intraday - We look to Sell at 5160 (stop at 5210)
Buying pressure from 4940 resulted in all the initial daily selloff being recaptured. Buying posted in Asia. Bespoke resistance is located at 5165. The trend of higher highs is located at 5172. Preferred trade is to sell into rallies.
Our profit targets will be 4885 and 4850
Resistance: 5162 / 5165 / 5230
Support: 4885 / 4800 / 4682
CAC 40 : Swing, Investment 100% Price ActionCAC 40 : Follow the uptrend.
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France's CAC40 This has been fun going through the different markets because I see hybrids between various price actions. This market is a little difficult to settle on. I like this bear flag on the local scale. The last couple of days almost makes it look like it wants to go up again to retest that upper channel, but considering how bearish the other markets look, I doubt that will happen. And I have circled a similar "scoop" from a few weeks ago that promptly reversed and went lower.
The intermediate chart looks much like the Dow, and Dax. Look for that broadening pattern to be retested and to ultimately fail.
Long-term chart is weird. Just imagine having gone nowhere in price for thirty years. Oy. That's something we're just not accustomed to here in the States. That said, this huge triangle could go either way. It will almost certainly retest the lower orange channel.
