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Safran SA (SAF - France) - ABC wave pattern
For Historical analyses of CAC40 index and stocks click here.
7/3/2020
CAC40 (FCHI - France) - choppy to bearish - what’s next?
CAC40 (FCHI - France) has completed B wave in complex correction as wxy within ABC zigzag down cycle in 1 hr time frame. The C wave down has just begun, but wait for 2nd wave pull back to get in to trade with invalidation level of 5074. The target zone will be 4550 level. In weekly time frame It has completed (A)(B)(C) flat wave from high made in 2018. The high made in 2020 was irregular (B) wave. It is moving within corrective cycles, which is little hard to predict with ease.
CAC Large 60 (CACLG - France) - choppy to bearish - what’s next?
CAC Large 60 (CACLG - France) has completed B wave in complex correction in wxy as the part of ABC zigzag down cycle in 1 hr time frame. The C wave down has just begun, but wait for 2nd wave pull back to get in to trade with invalidation level of 5596. The target zone will be 5012 level. In weekly time frame, it is more clearer than CAC40 index, as it was in impulse from 2009 low and in 2018 it has completed that impulse. After that it made ABC flat irregular correction, which ended recently. Then new up cycle started, which seems corrective as of now.
CAC Small (CACS - France) - choppy to bearish - what’s next?
CAC Small (CACS - France) is in 2nd wave down of C wave in ABC zigzag wave pattern from last swing high in 2 hr time frame. The 1st wave was leading diagonal structure and 2nd wave is moving up in abc correction, which will take little time to complete. Thereafter 3rd wave will start dropping down towards the target of C wave. It is also under-performer to CAC40 index in 1 hr chart since last swing high. In weekly time frame again it resembles CAC Mid 60 index as it completed impulse in 2018, but after that in 2020 it just given flat B wave, which was most under-performer at that time and shown market weakness in terms of small cap stocks.
Safran SA (SAF - France) - Bears waiting for opportunity to take over
Safran SA (SAF - France) is in ABC correction down in 60 min time frame (or impulse wave (C) wave down in 4 hr time frame). It has completed 1st wave of C down in leading diagonal structure and correcting in 2nd wave up in abc wave and b is in progress, so wait for its completion with invalidation level of 98.10. Thereafter 3rd wave of C wave start falling down. In weekly time frame, it is in abc correction downside from all time high. Let’s see how chart unfolds next.
AXA SA (AXA - France) - Bulls or Bears- who will take over ?
AXA SA (AXA - France) has completed B wave in complex correction as wxy. It just started C wave down, which must confirmed before getting in to trade, so wait for impulse wave down in 5 min time frame and then pull back with invalidation level to get in. In weekly time frame, it is very choppy and moving within a range. 
Essilor Luxottica SA (ESLX - France) - choppy or trendy - what's next big move ?
Essilor Luxottica SA (ESLX - France) is in ABC correction, where B wave is within complex correction as wxy and under progress of c of y subwave of B wave as final wave, which will end soon, but wait for impulse down as confirmation of wave B ended and C down start to get in to trade. In weekly time frame, it has completed impulse wave up from 1992 bottom and now within correction wxy, which will take a while to complete. So it is expected to be choppy for some weeks. 
Accor SA (ACC - France) - choppy or trendy - what's next ?
Accor SA (ACC - France) has completed B wave down in ABC wave correction pattern, where C wave is started moving up. Wave 1st of C already over and 2nd wave correction is on the way, so wait for it’s completion to get in to trade. But keep eye on invalidation level of 22.59 as stops, which is the low of wave 1 to invalidate the C wave In 4 hr chart it completed C wave downside and now its correction as new cycle is under progress. In weekly time frame, it is on complex correction and will extend it once it the upper new cycle will over as shown in chart.
Hermes International SCA (HRMS - France) - Bulls are taking control
Hermes International SCA (HRMS - France) is in 5th wave up in 2 hr time frame from last swing major low. It is in 2nd subwave of 5th wave up, which may go down more for correct the 1st subwave, but invalidation level of 731.30 must hold to validate the count. Alternate ABC 4th wave correction is possible, which confirmed when 731.30 level broke and price go down, but that 4th wave correction will not go below 698, otherwise the impulse pattern is invalidate. So trade according to invalidation level. It is in 5th wave in weekly time frame as shown in chart, which is also in extension. It is too strong and out-performing to CAC40 index. 
Credit Agricole SA (CAGR - France) - Bears waiting to take over
Credit Agricole SA (CAGR - France) is in ABC zigzag down move in daily time frame, which is in C wave after B wave over as double zigzag move. In 1 hr time frame, It is in 2nd wave abc correction, where c wave is under progress. Wait for one more swing high in 10 min time frame to complete the c wave up of 2nd wave. The invalidation level 9.53 must hold to confirm the bigger 3rd wave of C down. In weekly time frame, it is choppy and under performing the CAC40 index, so as good candidate to short sell.
BNP Paribas SA (BNPP - France) - Bears waiting to take over
BNP Paribas SA (BNPP - France) is in 2nd wave correction as wxy correction of down impulse cycle of C wave. Wait for 5th wave completion of c wave up of y wave in 2nd wave correction. . Keep eye on invalidation level of 40.66 as Impulse wave invalidation level. In 4 hr time frame, it is in ABC zigzag down move, where C wave down is in progress, which must be in impulse move down. In weekly time frame, it is choppy, so hard to predict major move for either the direction. 
Capgemini SE (CAP - France) - Bears in control before big bulls coming.
Capgemini SE (CAP - France) has completed 1st wave of (C) up within (A)(B)(C) zigzag up move (or the part of impulse wave) in 2 hr time frame. In 30 min time frame, it is within 2nd wave correction of (C) up, which take c wave down to complete, thereafter quick 3rd wave start moving up and bulls will be in control as the 1st wave was leading contracting diagonal structure. It can be good sell with stops above 102.70 for c wave down for 2nd wave.
Engie SA (ENGIE - France) - Choppy or Bearish ?
Engie SA (ENGIE - France) is in 3rd wave down of either C or 3rd wave in 4 hr time frame. In 30 min time frame, it just completed 2nd or b wave within abc or impulse wave down. But wait for confirmation of impulse wave down in 5 min time frame and its pull back to get in to trade with invalidation level of 11.52. In weekly time frame it is in huge downtrend, so that C wave can extend in full impulse.
Societe Generale SA (SOGN - France) - Choppy or Bearish ?
Societe Generale SA (SOGN - France) is in ABC correction in 1 hr time frame as similar to CAC index, where B wave is over within wxy complex correction. Wait for impulse down to confirm the C wave down in 5 min time frame and its pull back to get in to trade with stops above invalidation level 15.76. In weekly time frame it is in downtrend, which may extend further.
Michelin SCA (MICP - France) - Choppy or Bearish ?
Michelin SCA (MICP - France) is in ABC zigzag move down in 1 hr time frame. It has completed B wave in complex wxy correction, thereafter C wave started dropping down. Wave 1st is about to over and 2nd wave pullback is waiting due to correct it, which will good entry point for trade with stops above invalidation level 94.83. In weekly time frame, its within corrective mode.
Dassault Systemes SE (DAST - France) - choppy before Bulls take control
Dassault Systemes SE (DAST - France) is in 4th wave wxy correction, where y wave is under progress. Which probably go down for more than about 6-8 % from current point to complete the 4th wave cycle of major 3rd or C wave up as indicated in 2 hour time frame chart. To sell invalidation level of 155.97 must hold as stops. Overall it strong, better wait for buy rather than small sell position here. In weekly time frame, it is in 5th wave of C wave up.
Thales (TCFP - France) - Bears waiting for control
Thales (TCFP - France) is in WXY corrective cycle in downward direction, where X is under progress as complex correction wxy in 1 hr time frame. The c of y wave up in progress as final wave up, which will end the X wave. But wait for confirmation of impulse down cycle in 5 min time frame to get in to trade. In daily it is choppy price action.
Peugeot SA (PEUP - France) - Bears in control
Peugeot SA (PEUP - France) is in ABC zigzag down cycle, where C wave is in progress in 1 hr time frame. Wave 2nd wave completed in complex wxy correction, thereafter 3rd wave down started. Wait for clear impulse wave as 1st subwave of 3rd wave over and 2nd subwave pull back will occur to get in to trade with stops above 15.10. In weekly time frame, it is in choppy, but under-performer to CAC index.
Renault SA (RENA - France) - Bears waiting to take over
Renault SA (RENA - France) is in ABC zigzag down cycle, where B wave as complex correction is under progress, wait for B to over with confirmation of impulse down move of C wave. In daily time frame it is in downtrend.
Schneider Electric SA (SCHN - France) - Bulls losing grip
Schneider Electric SA (SCHN - France) is in ABC zigzag move up, which is about to end with 5th wave ending diagonal formation in C wave. Wait for last cycle to over in 15 min time frame, thereafter sharp down fall expected. Wait for confirmation.
Edenred SA (EDEN - France) - Choppy to down cycle
Edenred SA (EDEN - France) is in choppy corrective cycle. In 30 min time frame, it is in WXY correction, where X wave is under progress. The next big cycle is Y wave down, but wait for X wave to complete with some confirmation before jumping in to it.
7/2/2020
CAC40 (FCHI - France) - choppy to bearish - what’s next?
CAC40 (FCHI - France) is in 2nd subwave of 3rd wave down of C wave in ABC zigzag wave pattern from last swing high in 2 hr time frame. It is about to end 2nd subwave of 3rd wave down, thereafter 3rd of 3rd wave will start moving down. In weekly time frame It has completed (A)(B)(C) flat wave from high made in 2018. The high made in 2020 was irregular (B) wave. It is moving within corrective cycles, which is little hard to predict with ease.
CAC Large 60 (CACLG - France) - choppy to bearish - what’s next?
CAC Large 60 (CACLG - France) is in 2nd subwave of 3rd wave down of C wave in ABC zigzag wave pattern from last swing high in 2 hr time frame. It is about to end 2nd subwave of 3rd wave down, thereafter 3rd of 3rd wave will start moving down. In weekly time frame, it is more clearer than CAC40 index, as it was in impulse from 2009 low and in 2018 it has completed that impulse. After that it made ABC flat irregular correction, which ended recently. Then new up cycle started, which seems corrective as of now.
CAC Small (CACS - France) - choppy to bearish - what’s next?
CAC Small (CACS - France) is in 2nd subwave of 3rd wave down of C wave in ABC zigzag wave pattern from last swing high in 2 hr time frame. It is about to end 2nd subwave of 3rd wave down, thereafter 3rd of 3rd wave will start moving down. It is also under-performer to CAC40 index in 1 hr chart since last swing high. In weekly time frame again it resembles CAC Mid 60 index as it completed impulse in 2018, but after that in 2020 it just given flat B wave, which was most under-performer at that time and shown market weakness in terms of small cap stocks.
Credit Agricole SA (CAGR - France) - Impulse wave pattern
Credit Agricole SA (CAGR - France) is in ABC zigzag down move in daily time frame, which is in C wave after B wave over as double zigzag move. It has just completed 2nd subwave of C wave down and starts moving down in 3rd subwave within 1 hr time frame. But wait for clear impulse down in 5 min time frame to confirm the move down. The invalidation level 8.57 must hold to confirm the 3rd subwave down. In weekly time frame, it is choppy and under performing the CAC40 index, so as good candidate to short sell. 
Safran SA (SAF - France) - ABC wave pattern
Safran SA (SAF - France) is in ABC correction down (or impulse wave (C) down), where it is in B wave complex correction as wxy. The y wave up will complete the B (or 2nd) wave, but will take some time. In weekly time frame, it is in abc correction downside from all time high. Let’s see how chart unfolds next.
AXA SA (AXA - France) - ABC wave pattern
AXA SA (AXA - France) is in ABC correction from last swing high in 2 hr time frame. The C wave down is in progress, where it is in 3rd wave. 2nd subwave of 3rd wave down is about to end and thereafter 3rd subwave will start to fall. In weekly time frame, it is very choppy and moving within a range.
Essilor Luxottica SA (ESLX - France) - ABC wave pattern
Essilor Luxottica SA (ESLX - France) is in ABC correction, where B wave is within correction as either triangle or it may be over, but wait for confirmation to get in to trade. Below 113 level as wave d internal of triangle, it is confirmed that B wave is over, so can be traded for C wave down. In weekly time frame, it has completed impulse wave up from 1992 bottom and now within correction wxy, which will take a while to complete. So it is expected to be choppy for some weeks.
Hermes International SCA (HRMS - France) - Impulse wave pattern
Hermes International SCA (HRMS - France) is about to end 4th subwave of 3rd wave up within impulse wave up in 4 hr time frame, which is forming triangle, so above the level 748.50 it confirms the break out of triangle and 5th subwave started to end the 3rd wave up with invalidation level of 719.40. The invalidation level of 697 will confirm the move was not impulse if price drops below that level. It is in 5th wave in weekly time frame as shown in chart, which is also in extension. It is too strong and out-performing to CAC40 index.
BNP Paribas SA (BNPP - France) - Impulse wave pattern
BNP Paribas SA (BNPP - France) is in ABC or impulse wave down sequence in 30 min time frame. It has already completed A & B wave and now moving down in C wave, where 2nd wave was over and moving down in 3rd wave down. Keep eye on invalidation levelof 36.95 as C wave invalidation level. In 4 hr time frame, it is in ABC zigzag down move, where C wave down is in progress, which must be in impulse move down. In weekly time frame, it is choppy, so hard to predict major move for either the direction.
Capgemini SE (CAP - France) - Impulse wave pattern
Capgemini SE (CAP - France) has completed 1st wave of (C) up within (A)(B)(C) zigzag up move (or the part of impulse wave) in 2 hr time frame. It is now within 2nd wave correction of (C) up, which take c wave down to complete, thereafter quick 3rd wave start moving up and bulls will be in control as the 1st wave was leading contracting diagonal structure. In weekly time frame this up movement can be (C) wave, which is impulse in nature, means in 2 hr time frame, it can be impulse from bottom instead of ABC. But chart will reveal it later as progresses.
For Historical analyses of CAC40 index and stocks click here.
