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UnknownUnicorn666225

FRA40 - Formation of Expanding Wedge on the 4Hr Chart

Short
France 40 (OANDA:FR40EUR)  
UnknownUnicorn666225  
OANDA:FR40EUR   France 40
Trend Analysis Harmonic Patterns Chart Patterns Indices fra40forecast retracement Fibonacci Retracement Fibonacci Extension
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trendanalysis harmonicpatterns chartpattern indices fra40forecast retracement fibonacciretracement fibonacciextension
Price has formed an expanding wedge formation on the 4hr chart. This Index created a New ATH on 25th July and has since been in a bearish move. We feel the price will complete a retracement to the 38% Fib level before continuing in it current direction towards the 127 Fib Extension. Bias is still Bullish, and once our current target is reached, this Index could reverse and continue in its Push Up.
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