CAC 40 : Is the engine failing?

INDEX:CAC   CAC 40 Index
15 1 0
After a rough period of high volatility , as the bollinger bands prove it, the French benchmark manage to uphold a technical correction, which has reduced the losses it was inflicted last in the past two weeks. The pattern shows the formation of the 3 stars formation, validated by the gap preceding the red doji of the 1st of September. It is a bearish figure, leading to suggest that the benchmark's bearish market has still some few days ahead. The objective of any further slide would be at least around 4429.07 with 4503.2 as a primary objective.
The bearish figure will be canceled, should the benchmark close the gap formed on the opening of the 1st of September. If the figure is canceled, 4651.66 will be the primary objective.
Pursuing its up trend would suggest 4711.36 as the second resistance.
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