FRA40 indexaccording to chart pattern of W the price should be bullish after breakage the neck of W then will move the same amount of pips as mention in price range ,, my prediction as i see in chart the price will not break the resistance above and will go down to 5530 for correction .
FRA40
France 40 Uptrending Buy OrderFRA40 Long Position
Entry: €5,644.6
TP & RR: €5,688.0
Stop Loss: €5,627.3
REASONS FOR THE TRADE
Breaking up from a descending triangle, I expect the price to retrace slightly and then continue the up move. Stop Loss is set below the trendline and the target is at a resistance level. Market Flow indicator show a clear move up.
The trade is slightly in retrospect as by the time I write the trade idea price started moving up. However, I think you may have a chance to enter again.
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 (FRA40) could hit 5140 in wave YThe French index started second leg of double three WXY correction with wave Y, which could hit 5140.
This level represents the equal distance of Y=W and also the 61.8% Fib (5166).
CAC$) - Faces the 161.8% barrierFRA40 - Intraday - We look to Sell at 4793 (stop at 4840)
Majority of the initial daily gains being overturned. Bespoke resistance is located at 4725. The rally has posted an exhaustion count on the intraday chart. The 161.8% Fibonacci extension is located at 4793 from 4193 to 4564. Preferred trade is to sell into rallies.
Our profit targets will be 4564 and 4400
Resistance: 4793 / 4800 / 5163
Support: 4564 / 4400 / 4193
All indices move the same way!!..Or do they??**PLEASE FAST FORWARD TO .35sec MARK!**
I wanted to give a quick lesson on correlation.
Telegram: @RichDadBre
All the indexes move the same way...or do they??I wanted to show an example of why its not always a good idea to trade multiple indices the same way.
@RichDadBre
FRANCE40 can breakout the Triangle!The price can breakout the Triangle.
We can open Buy above the Key Level 4570.0.
The local trend is bullish.
Potential profit will be 3 times bigger than the risk.
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FRA 40 EUR approaching to the Historical High Level!!!The price approaching the Historical High Level 6191.8.
We can open Sell after the false breakout.
Potential profit will be in 3...5 times bigger than risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analyze.
Write your comments and questions here!
Thanks for your support!
TRY ENTER SHORT AROUNT 5775-80 for 3 tp short timeshort #CAC40 at 5776 if you cant catch it,try tom around 70-80 and sell,the plan its simply to take the correction of a bearish rsi divergence + we are on monthly resistance and a bit overbought so 3 Tp like that each tp you cut 33% of your position
short 5501 and tp 5440 as last gap is filledlast gap filled ,next step back on dsupport if need an impulsion to go more up or to crash, will depend on us-china headlines
FRA 40 (CAC40), Price is approaching to historical 13-Month HighI will open sell after fake broke of key level 5658.000:
- 5658.000 is a historical 13-Month High.
- Many retail traders set their stop losses above such historical highs. Big players hunt for such places to accumulate volume.
- Potential profit will be in 5...20 times bigger than risk.
CAC40 - Indices Trading | Elliott Wave Structures | Q2 2019*Please support this idea with a LIKE if it helps you. Thanks!
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CAC40 - Elliott Wave Outlook
Bearish Swings - Patterns:
Triple Three structure in Cycle Wave IV (green)
W (purple) - Zig-Zag
X (purple) - Three (false break-out)
Y (purple) - Simple Flat
X (purple) - Contracting Triangle
Z (purple) - Zig-Zag
Bullish Swings - Patterns:
Impulse in Intermediate (1) (blue)
Extension in Minor 3 (green)
Next expected swing:
Bearish sequence in Intermediate (2) (blue)
Structure change:
Bullish continuation in an impulsive manner could lead towards more up-side for an Ending Diagonal.
CAC40 - Market Crash Cycles | Indices | Macro Trends*Please support this idea with a LIKE if it helps you. Thanks!
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CAC40 has been labeled within a Sub-Millennium degree wave 4 (blue), which has been unfolding ever since the Dot-Com bubble.
Structure - Flat Formation
2000 peaks and down until 2003 bottoms - Grand Super-Cycle wave A (black)
2003 bottoms up until 2007 tops - Super-Cycle wave (a) (purple)
2007 tops and down until 2009 lows - Super-Cycle wave (b) (purple)
2009 lows and up until present times - Super-Cycle wave (C) (purple)
Super-Cycle (C) (purple)
Pattern - Ending Diagonal
Sequence - 5 Wave Sequence, with Cycle Waves I II III IV V (green) decomposed as Primary ABC (turquoise)
Current Position
Cycle Wave V (green)
Next expected swing
Bearish sequence in Primary B (turquoise)
Market Crash Forecast
Support granted at or around the 5300.00 mark and then a bull run towards the 6300.00 levels, where the Grand Super-Cycle Wave B (black) is expected to complete.Grand Super-Cycle Wave C (black) would reflect the next Larger Degree Recession.Structure change.
Breach of the lower trend-line of the Ending Diagonal could reflect the fact that the Market Crash already started.
France 40 Index, Sell after break downI will open Sell if the price will break down the key level 5538 and D1 candle will close under 5538
On the chart, we see that price made huge accumulation but didn't move up. If the price will start down move all guys who opened buy above key level will be stopped and they will bring new volume to the market
CAC40 - Indices Forecast - Wave Patterns - Volatility in MayIf you like this idea, please support it with a like. Thank you.
CAC40 labeled as a bullish impulse in Intermediate (1) (blue), with a deep bearish retracement starting.
