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Indices Europe

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
FOREXCOM:FRA40Short
by Signal_Centre
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.
TVC:CAC40Short
by CHTradingGroup
CAC40 - Looking for a Gartley to produce FRA40 - Intraday - We look to Sell at 5190 (stop at 5230) Bespoke resistance is located at 5206. Selling pressure from 5230 resulted in all the initial daily gains being overturned. Buying posted in Asia. Bespoke support is located at 4896. Levels close to the 50% pullback level of 5141 found sellers. Expect trading to remain mixed and volatile. Preferred trade is to sell into rallies. Our profit targets will be 4997 and 4980 Resistance: 5141 / 5192 / 5230 Support: 5080 / 5052 / 4995
FOREXCOM:FRA40Short
by Signal_Centre
AXA Long IdeaLogic: close & re-test of 50D EMA puts AXA in intermediate uptrend following significant drop and 2 months sideways consolidation. Entry: €17.00- €17.20 Stop: €15.50 (can consider lower if longer term outlook) Risk: -9.88% Target: €20.50 & ultimately €23.00 yearly pivot retest from February drop. Gain: +19.48% & longer term target +33.72% Note: among highest rated European insurers with solid balance sheet and strong upside potential. Risk to upside thesis stem from claims due to Corona closures, lawsuits etc...
EURONEXT:CSLong
by TrendBridge
BEWARE OF PULLBACK ON RESISTANCE - CAC40 - 30MNThanks for your likes and shares! Much appreciated! _____________________________________________ The market is in a recovery mood . The actual range can possibility be a good entry for a short direction profitable trade. The upper level can possibly see a nice entry for long direction trade, BUT, beware of pullback because it is a strong resistance line. If pullback happen it will be a even better entry for Short Direction Trade!
EURONEXT:CAC
by Diallo_Charts_Ideas