CAC40 MTFMonthly : Weakness of the new highs (exhaustion), testing a trendline.
Weekly and daily : New lows, the market is in a PB wave.
Hourly : search for bullish weakness
FRA40 trade ideas
SHORT ON CAC40!I believe that we've got ourselves a nice juicy short on the table here guys.
I'm anticipating a bearish pull down to lows of 5120.0 and also 4920.0.
Let's see how this turns out!
Of course I'll be updating any moves on this trade!
Stay Tuned!
TP: 5120.0/4920.0
CAC40 - Long (not professional trader)
This is my idea, i'm not a professional
On the PX1 graph
Sorry if my english is not good, i'm french
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.
