Index: CAC 40
Current Price: 7795.0
Trend: Correction within 7950.0–7450.0 sideways channel
⸻
🔴 Bearish Scenario
• Entry: SELL STOP 7700.0
• Targets: 7470.0
• Stop-Loss: 7800.0
🔵 Bullish Scenario
• Entry: BUY STOP 7890.0
• Targets: 8100.0
• Stop-Loss: 7800.0
⸻
📊 Key Levels
• Resistance: 7890.0, 8100.0
• Support: 7700.0, 7470.0
⸻
📈 Technical Picture
• Alligator: EMAs narrowing, weakening buy momentum
• AO Histogram: corrective bars above zero line
• Structure: Index continues correction after rejection from resistance line of the sideways channel
⸻
📌 Break below 7700.0 opens the way to 7470.0. A reversal above 7890.0 would restore bullish momentum toward 8100.0.
⸻
Current Price: 7795.0
Trend: Correction within 7950.0–7450.0 sideways channel
⸻
🔴 Bearish Scenario
• Entry: SELL STOP 7700.0
• Targets: 7470.0
• Stop-Loss: 7800.0
🔵 Bullish Scenario
• Entry: BUY STOP 7890.0
• Targets: 8100.0
• Stop-Loss: 7800.0
⸻
📊 Key Levels
• Resistance: 7890.0, 8100.0
• Support: 7700.0, 7470.0
⸻
📈 Technical Picture
• Alligator: EMAs narrowing, weakening buy momentum
• AO Histogram: corrective bars above zero line
• Structure: Index continues correction after rejection from resistance line of the sideways channel
⸻
📌 Break below 7700.0 opens the way to 7470.0. A reversal above 7890.0 would restore bullish momentum toward 8100.0.
⸻
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.
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.