CAC40 - Possible descending triangle

TVC:CAC40   CAC 40 Index
Not confirmed yet. If it is, it would be an opportunity for some shorts/longs inside the triangle and at the end we should see a bearish continuation to find a support around 4600.

Any thoughts on this idea? Let me know!


Target hit
price closed below falling 21ma today, target remains 4923
i prefer 5069 for a short, also 21 day ma is falling and price pinged downwards today exactly off it, next area of support is 4923, I wouldn't use the tails in your chart but that is just me, If it works for you fair enough
+1 Reply
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