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CAC 40 IndexCAC 40 IndexCAC 40 Index

CAC 40 Index

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PX1 trade ideas

Still short We might rebound toward 4200 but the trend is still bearish and this monthly candle is scary... technically a bear market have 3 phases: we are only on the first phase where we assist of a fast decline on prices the second phase is like a bounce to retrace a little from the decline then the last phase where price continue their decline but slowly For me my targets are 3500 then 2700 for the CAC 40 4200 is a great price for shorting or even now if you can take the the rebound my next target is 3500 then 2700
TVC:CAC40Short
by magnum375
CAC 40 Index - heading towards 2012 lowEurope Markets entering strong bearish momentum. France is at the beginning of the COVID-19 Pandemic, number of infected people expect to grow exponentially in the upcoming weeks. France, Spain, Germany following Italy's state of emergency. We expect now a lower low of the CAC 40 Index. At the correction move to 4600, we can start shorting the Index with the price target of 2012's low at 2800. Europe will enter in recession if serious state economic measures are not taken. "Two of the EU's biggest states, France and Spain, have followed Italy in announcing emergency restrictions to combat the spread of coronavirus. France, a country of 63.5 million, ordered the closure of all non-essential places used by the public from midnight (23:00 GMT)." 15 March - bbc.com Let me know your view in the comments down below!
EURONEXT:PX1Short
by TradingExpertGroup