CAC-40 is nearing a potential resistance at:
- TG-1 = 4816 - 18 FEB 2015.
This level is likely to play out as a significant level of reversal. Predictive model remains mixed as to its reversibility value, although the target is posted as a numerical value (i.e.: most likely to impose a retracement rather than reversal.
EXPECTING A SHALLOW RETRACEMENT, OR ELSE:
In the instance that a retracement occurred from 4816, a significant intermediate structure is likely to offer a temporary support and reversal for further advance. This outlook would cease to exit if and once price breaks below the 4079 level - In such a case, a scenario would dominate, with sight towards TG-Lo = 3430 - 18 FEB 2015.
If and once price held its tack and remained buoyant above the 4079 - 18 FEB 2015 level (ideally, above 4023 - 18 FEB 2015, in the most aggressively scenario), the next level to mind is 5209 - 18 FEB 2015. This level splits apart the numerical (i.e.: high-probability attainment, low-probability reversal) targets on one side and the nominal (i.e.: low-probability attainment, high-probability reversal) targets on the other side.
WHAT THE SOLID/DASHED ARROWS MEAN:
The solid arrow represents the most probable, most immediate price action. In contrast, the dashed arrows are meant to enumerate the probability pathways, the darker the higher-probability, the lighter the lowest probability.
L/T outlook favors bulls, although the most immediate scenario is calling for unwinding to the downside. The extent of the retracement should be limited by the levels defined. 4079 would call for a new development, whereas a break above 209 would open to roof to the nominal targets - Both represent major R/S historical levels coming precisely to alignment with the predictive/forecasting model, further underlining their technical relevance.
Stay tuned if you are in the glacier-speed mindset.
Predictive Analysis & Forecasting
Denver, Colorado - USA
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)
Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
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$CAC hit target again; Look for prob. support at prior; Bullish bias intact:
@tradingview $CAC #cac40 $FRA40 $EUR
$FRA40 - Predictive/forecasting model signals high-prob. pullback to 4023 in M/T:
@tradingview $CAC #CAC40
CORRECTION: Typo in the chart - Report with corretion:
20 FEB 2015 - Update:
$FRA40 - Predictive/forecasting model signals high-prob. pullback to 4423 in M/T:
@tradingview $CAC #CAC40