Short
CAC40 continue downward momentum.
CAC has had an interesting day so far, so from what has happened we can see that not only has it began it's downward momentum we can also see 3 bearish divergences on the RSI of which two on 30 minutes & one on 1 day. On Friday we got the evening star candle which signals a reversal, we've also got a H&S confirmation on the 4 hour timeframe which signals a continuation of dump.
NOTE: Double Top on 1 day timeframe
Psychological Resistance + 21 year ATH = 6912
Major Resistance = 6888
Resistance = 6860
Major Support = 6680
Possible TPs:
- 6600
- 6515
- 6500
- 6400
- 6200
Do not miss this chance.
NOTE: Double Top on 1 day timeframe
Psychological Resistance + 21 year ATH = 6912
Major Resistance = 6888
Resistance = 6860
Major Support = 6680
Possible TPs:
- 6600
- 6515
- 6500
- 6400
- 6200
Do not miss this chance.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.