The CAC 40 is in a positive trend within a parallel channel since beginning of July (which is also the case for the RSI)
5440 could be a good area to enter into this market for 3 reasons:
-In contact with the MM20
-Bottom of the parallel channel
-Support tested on August, 2nd
Target price : 5530
The chart is the CAC40 with dividends + the futures market prices (8am-22pm sessions). It's like the DAX futures.
We have a perfect bearish Gartley, with a sell signal today at the 78% Fibonacci level.
On the CAC40 index, the lower target (TP3) would be 4840 points.