CAC 40 nice Head and sholders forming and in a corrective environment. If we connect Wave1 with Wave 4 ,notice the black neckline. The 1st Q of 2017 could see lvls between 4815 and 5062,after that CAC should drop back to the neckline and lower.
Kind of a rising wedge (channel) E-leg in 5 waves First drop to next square root lvls 10670-10460 After that rally up to 11300
dax square root levels calculated from the high 12388
DAX corrective zig zag from 11430-8695 Trade setup : Short here target 9800 Long 9800 target 10700 (gap close)