Pattern target reached so far.
Constant records on the PX1GR (CAC40 with reinvested div) and higher relative strength versus the DAX (which compounds reinvestments): I believe the talks about equity risk premium do not hold. MIF2 related issues are way too visible with drying volume and liquidity around these weeks. Manipulable fixing price with "abnormal"...
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.
This the CAC40 index, reinvested dividends and in USD currency (not euro).
if it doesnt breakout and reverse, it could retrace 50% fibo (the green line)
