CedricBenacquista

bearish view confirmed

CedricBenacquista Mis à jour   
FX:FRA40   Indice CAC40
3
in this timeframe, a small head & shoulders has appeared & confirm that price could make a beautiful bearish movement untill my previous target. that's possible price make a wide pullback on the neckline, near of my "energy point", but i don't think so. according to the momentum indicators and the two "long term moving average", i think that the pullbakc is soon ended. head projection put the price at the Andrew's pitchfork median line level (median line is touched in 80% of case). but, we should take care of the 50% & the 61.8µ fibonacci retracement of previous wave.

note : that's only a technical analysis, i've not watched the economic news of the next hours & days
Commentaire:
oups.....
i forgot to say that there's an obvious support at 4660, & that price is actually testing it
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.