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Indices Europe

AKKA Technologies Descending triangle European stocks are currently struggleing with support levels and this descending triangle on AKA make it look like it may try lower prices. It might find support in any of the two printed areas since volume is not dropping that much for now. We'll have to wait if it is capable of exiting the triangle on the upper side after touching any of both. Let's wait! This is general market information for educational and entertainment purposes only, and does not constitute investment advice.
OSL:AKASTShort
by agt_cat
France 40 Triangle - Short PositionFrance 40 - Short Order Entry: €5,659.6 TP & RR: €5,569.7 (1.7) Stop Loss: €5,710.8 REASONS FOR THE TRADE Typically this isn't a trade I would take as the RR is less than 2 and I consider those unfavorable. However, the price may form a lower high and I want to take advantage of the action if that is the case. The SL is placed just above the previous high. If that level gets hit, it would be a clear invalidation of the downtrend idea.
OANDA:FR40EURShort
by Quant_
France 40 Ascending Channel - Long PositionFrance 40 Ascending Channel - Long Order Entry: €5,668.1 TP & RR: €5,760.5 (1.89) Stop Loss: €5,619.3 REASONS FOR THE TRADE Again, this is a trade that I would like to take, but will not due to already having enough positions. However, I am sharing this idea for those of you looking for a trade setup, especially if you are trading FR40. This is a similar ascending channel to a recent trade idea I posted on Oil (from yesterday). I am expecting the price to slide up and then do a move up, at least forming a double top and possibly reaching the upper trendline. Further, I am seeing a crossover on the Market Flow indicator, so I believe the bulls have enough strength to push the price up. The Stop Loss is set just below the recent low. Generally speaking, if it breaks down from the lower trendline then I would be looking to close the trade since that invalidates the initial setup.
OANDA:FR40EURLong
by Quant_
ridethepig | CAC Market Commentary 2020.11.25📌 ridethepig | CAC Market Commentary 2020.11.25 The stem for the ending of a retrace and intentions of a turn... Breaking down ahead of US elections was strategically important. This was not a typical personality vote, the motives of Democrats are rather exclusively known and transferring the power here will indeed be revolutionary. Neither side can accept the loss, whether we see this end up in the courts or whether we see Biden with the 'hospital pass'... it is irrelevant for the sake of this conversation because in general sense of the term and it is weighing on global equities including DAX, CAC, FTSE, IBEX, FTSEMIB and etc. Eyes on the highs today, a move down from these levels opens up all sorts of problems for buyers. Thanks as usual for keeping the feedback coming 👍 or 👎
TVC:CAC40Short
by ridethepig
1
Weekly Market recap 9: First signs of actionGeneral overview - Asia leads FX market and the Western Indices were incredibly boring last week, with DXY, DAX and S&P500 staying in the consolidation. Asian markets continued to advance. In SG30SGD (Singaporean index), you can find some of the smoothest and strongest uptrends. The Singaporean market seems to be relatively strong, along with India, Australia and Japan, with a recent pullback present only in Nikkei (Japan). FX: More volatility overall and the strength in NZD With the recent data releases in the US, DXY got spurred to more volatility. So, we might see a directional move this week. It would be more interesting if the market closes at or below 92.00. NZD remains a relatively strong risk asset, especially after positive Retail Sales data yesterday. Western Indices While the Western stock indices keep consolidating, some of them formed nice patterns, like DAX, for example. A breakout from such pattern can present potential opportunities to ride a meaningful proceeding trend (the breakout might be happening already!). The US Indices continue to be relatively weaker, compared to the European ones. I'd be particularly cautious going long in S&P and NASDAQ. Brent broke out from the triangle and pushing higher, confirming the risk-seeking sentiment, so there should be a hidden strength in Indices overall.
TVC:DXY
by Cherry94
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.
TVC:CAC40Short
by ridethepig
4
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 👎
TVC:CAC40Short
by ridethepig
2