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CAC 40

Testing weekly harmonic pattern - Is it heading to 6000?

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Even before yesterday's results, the French CAC40 provided a bullish long term signal when it broke above a monthly downtrend line.
The CAC40 is testing the X point of a bearish Bat pattern (similar to what we see in German DAX) and if it'll break and close above it, it can continue all the way up to 6000 to test a bigger PRZ.

themarketzone
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CACCAC 40 CFDDAX Indexdax30EURUSDgermanindexSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY)

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CACCAC 40 CFDDAX Indexdax30EURUSDgermanindexSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY)
themarketzone
Also on:

Related publications

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.