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CAC

CAC 40: Very strong long term upside potential. 6700 on sight.CAC is quite strangely printing on the big 1W/1M time frames a similar trading pattern with the early - mid 90s. The MA50/200 sequence is identical within a Channel Up with two distinct peaks that broke the Channel momentarily before testing again the supporting trend line. What stands out in particular is the +46.50% rebound from the first Higher Low on both cycles. What follows after is a giant Inverse Head and Shoulders pattern, which gave rise to the second peak outside the Channel Up. CAC40 is currently on that Inverse Head and Shoulder pattern attempting to price the Right Shoulder. With such striking similarities it is only natural to assume that the current cycle will follow to a large extent the 90's cycle. Which means that after the Inverse Head and Shoulders is completed a +49.50% rise may follow (second peak outside the Channel) bringing the index close to 6,700. This is our long term target for CAC and the candle action times this by March 2020. After that the final Higher Low takes place which should pave the way for the new hyper aggressive cyclical bull market similar to the late 90s - 2000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:CAC40Long
by InvestingScope
2
What is the next target of #CAC 40 ?The trend of the CAC 40 in recent years is an uptrend. in October 2011 the Cac has undergone a technical correction of 1200 points and then very quickly he returned to his upward trend, in October 2015 after a long rise the Cac has made technical correction of 1000 points pretty much like the first time and quickly took it back bullish trend, in October 2017 the Cac has made a technical correction of 800 points and at the moment it is in progress and normally should be redone as the last two completed times a rise is exceeded the last record price. The Cac will seek a goal to reach and the point of the Double Top (6100) in 14% of the current price is probably possible Buy Cac 40: Entry Price: 5290 Take Profit: 6100 Stop Loss:5000
TVC:CAC40Long
by xosignals
SHORT: Pullback to the weekly 200-EMA among other thingsThe CAC40 pulled back to the breakout level, completed different patterns and reached their targets. I know that some people studying waves believe we could still go up, but I think there should be quite a good sell-off during the next week. I could indeed be wrong, so we shall see. I've noticed that a few rarer or uncommon patterns appeared. Need to study hard on those. Elliott Waves are also more important than one may think.
FX:FRA40Short
by UnknownUnicorn569872
A different outlook for French Equities....2019 prediction=> Here we have a different view for French Equities as those who are following our telegram will already know. The case can be made that we are in a very large IVth wave of the V wave pattern since post 2008 crisis. => From a technical perspective this looks like a very large correction and should not continue its decline further than 38.2% (4525.x) => Anything below here will start to show serious cracks in the uptrend and will suggest the top for French Equities (not expected) may already be set in stone. => Here for 2019 we will add exposure to the upside on the test of 4525 with tight stops at 4165. => Best of luck all those in French and other European Equities
INDEX:CAC40Long
by ridethepig
1
Either a triple top or an inverted H&S: Crucial week1) Most indices retraced 50%, and we are at a very important turning point: if indices breakout cleanly there resistance (for instance SP500 at 2610.8, among other ones) then I would reassess my short bias as we would go back to potentially bullish territory (however, this would mean that the world and its economy become rosier --- no more issues!). The DAX could then retrace everything back up and reintegrate previous broken support levels. 2) In case it doesn't work out, then a triple top could be validated if a clean breakout occurs as well. We could retest all the leg down (80-100%). As volume is decreasing, I believe we had fake rallies and simply witnessed a great technical bounce (see monthly charts) while retracing a down run on US indices. We shall see, everything has to be decided tonight and in the following days in my humble opinion.
FX:GER30Short
by UnknownUnicorn569872
1