NEURTAL ON CAC40!Prices could go either way, I'm just waiting for a decisive break.
Prices could respect the chinese hat and eventually fall to the downside target of 4700.0
OR
Prices could pierce straight through the ''V'' or like most of you love to call it the ''Chinese Hat'' and ascend to highs of 5400.0 . Either way I think it's safe to say that we've got a trade on our hands guys, a bullish run to at least the 5200.0 Region.
TP: 5200.0
F40 trade ideas
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