CAC40 – Daily Interactive Chart:
• Intermediate (1) (green) started pushing on the up-side with a 5 Swings Sequence, leaving a gap behind (later to be filled).
• Intermediate (2) unfolded with a Complex Double Three WXY (red) Structure filling the gap and leaving room for the Bullish Trend.
• Intermediate (3) is still unfolding its structure, with Minor 4 (light blue) about to complete and leaving room for a Bullish run in Minor 5 (light blue).
Minor 1 (light blue) presents a 5 Swings Sequence, with a sharp Correction Zig-Zag in Minute ii (blue) and a Running Flat in Minute iv (blue).
Minor 2 (light blue) unfolded as a Running Flat in its Minute (orange) sub-waves.
Minor 3 (light blue) presents a 161.8% Fibonacci Extension of Minors 1 & 2 (light blue).
It is also the strongest Rally, reaching 161.8% Fibonacci Extensions on all degrees.
Minor 4 (light blue) is in focus and about to complete, as it is touching the upper Triangle Trend-Line and forming a Flag.
• Intermediate (1) (green) started pushing on the up-side with a 5 Swings Sequence, leaving a gap behind (later to be filled).
• Intermediate (2) unfolded with a Complex Double Three WXY (red) Structure filling the gap and leaving room for the Bullish Trend.
• Intermediate (3) is still unfolding its structure, with Minor 4 (light blue) about to complete and leaving room for a Bullish run in Minor 5 (light blue).
Minor 1 (light blue) presents a 5 Swings Sequence, with a sharp Correction Zig-Zag in Minute ii (blue) and a Running Flat in Minute iv (blue).
Minor 2 (light blue) unfolded as a Running Flat in its Minute (orange) sub-waves.
Minor 3 (light blue) presents a 161.8% Fibonacci Extension of Minors 1 & 2 (light blue).
It is also the strongest Rally, reaching 161.8% Fibonacci Extensions on all degrees.
Minor 4 (light blue) is in focus and about to complete, as it is touching the upper Triangle Trend-Line and forming a Flag.