CAC 40 INDEX (FRANCE 40): ABOUT TO POP!
https://www.tradingview.com/x/d77Owu7q/
Initially, I saw that France 40 has very recently moved out of a falling wedge pattern over the past months. On a higher intraday timeframe it has moved out of a rising wedge.
I am always very interested when I see patterns ending in this way. They end for a bullish or bearish reason usually.
So I then jumped to the Daily timeframe and what do I see? A perfect playbook head n shoulders pattern (bullish) that has already retested the neckline, so that YOU won't be stuffed around having to wait for price to retreat and retest.
I could see a lot buying going this yesterday.
All things being equal and no jars or negative volatility from news events, this will surely be one of my first Buy-orders during Monday.
Intraday, recent selling has turned to buying the past day or 2.
Initially, I saw that France 40 has very recently moved out of a falling wedge pattern over the past months. On a higher intraday timeframe it has moved out of a rising wedge.
I am always very interested when I see patterns ending in this way. They end for a bullish or bearish reason usually.
So I then jumped to the Daily timeframe and what do I see? A perfect playbook head n shoulders pattern (bullish) that has already retested the neckline, so that YOU won't be stuffed around having to wait for price to retreat and retest.
I could see a lot buying going this yesterday.
All things being equal and no jars or negative volatility from news events, this will surely be one of my first Buy-orders during Monday.
Intraday, recent selling has turned to buying the past day or 2.
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