mithianme

CAC40 continue downward momentum.

Short
GLOBALPRIME:FRA40   CAC 40 Index
CAC has had an interesting day so far, so from what has happened we can see that not only has it began it's downward momentum we can also see 3 bearish divergences on the RSI of which two on 30 minutes & one on 1 day. On Friday we got the evening star candle which signals a reversal, we've also got a H&S confirmation on the 4 hour timeframe which signals a continuation of dump.

NOTE: Double Top on 1 day timeframe

Psychological Resistance + 21 year ATH = 6912
Major Resistance = 6888
Resistance = 6860

Major Support = 6680

Possible TPs:
- 6600
- 6515
- 6500
- 6400
- 6200

Do not miss this chance.

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