CAC 40Long
A different outlook for French Equities....2019 prediction
Updated
=> 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
=> 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
Note
A quick update here after a very dovish ECB we are starting to trail all positions here.Note
This rally is starting to come under pressure... remember to book partial profits and trail appropriately.Note
We are entering in the final stages in the rally here, well done all bulls holding from 4500/4600.Trade closed: target reached
Note
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