doesnt smell good, the knife is huge. I doesnt have any stats before on tradingview that can show something similar. A monthly red knife full of bear gap in daily. Just a opinion, not a trading advice.
@ZEDZX, it is cac 40, the 40's biggest french business. Btw it was just a idea/ macro analysis based on previous bear markets from dot com to subprimes. Here, we can se that we got a 34 % bear candle in monthly, that is the biggest one since the cration of this indicator.