CAC 40 + European Indices Forecast 2016-2018: False Breakout

INDEX:CAC40   CAC 40 Index
Hello folks ! This is my first post on tradingview.com. This is an abstract from one of my blogs: www.lucky-index-trading.blogspot.com

Enjoy :)

I have reconfirmed a short-selling target of the CAC 40 at about 4600. Stop-loss orders could be set above 4700.

First bearish target: ~3450-3500

Second bearish target: ~3050

Please find below a graph (weekly) with some comment's I've made.

It is very important to see how other markets are reacting and to spot any correlation or absence of correlation in order to strengthen/weaken confirmation(s).