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CAC 40 IndexCAC 40 IndexCAC 40 Index

CAC 40 Index

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CAC40 (France) - choppy to bearish - what’s next? CAC40 (FCHI - France) has completed B wave in complex correction as wxy within ABC zigzag down cycle in 1 hr time frame. The C wave down has just begun, but wait for 2nd wave pull back to get in to trade with invalidation level of 5074. The target zone will be 4550 level. In weekly time frame It has completed (A)(B)(C) flat wave from high made in 2018. The high made in 2020 was irregular (B) wave. It is moving within corrective cycles, which is little hard to predict with ease.
TVC:CAC40Short
by EWFcw
IT40 Index (FTSE MIB) - You know where it goes up or down ? IT40 Index (FTSE MIB - Italy) has completed B wave within ABC zigzag down cycle, which is zigzag with smaller c subwave, which resulted in sharp drop. It is within C wave down, where 3rd subwave of C is in progress. Price must stay below 19548 level to validate the count. In weekly time frame, it is choppy after ABC correction ends at last low and new cycle WXY correcting now, where X wave down is under progress. IT40 is weaker index within European market as well as global indices.
TVC:CAC40
by EWFcw
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
Rising is limitedThere is a three waves correction which has been working from the middle of March. It is a mature flow. It can reach the upper line of the rising corrective channel but it does NOT have to. I can imagine that the France stock index reaches the half correction level(4877) and after turning down. So the correction in the fourth wave is mature and the upside momentum is getting weaker and weaker. I am waiting for the reversal and the lower line of the channel could be a support for a while but after the real break the CAC should trade below new lows.
TVC:CAC40Short
by MoodandMarkets