AndyM
Short

Likely an ending wedge in CAC

FX:FRA40   CAC 40 index of French listed shares
59 0 4
I think EU&GB indices are all running a flat or a zigzag correction which, once completed, will be followed by the next wave of the bear market which should yield a 20-25% decline in indices . In CAC40 I see there is an ending wedge forming in the C wave of a flat correction, which suggests it should be very quickly retraced.

I don't want to call tops any more, I now want the top to show itself, but once we see the top formed the decline will be quite steep. We need to wait for a few more days in order to see the market reversal.
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