Analysis of the French CAC index and the strongest selling areas

A strong opportunity coming soon on the CAC index

 

The CAC index rebounded from previous supply areas

and was able to break the downtrend strongly over the previous days.

New strong supply areas have also been formed, a clear indication

of strong seller control.

The index is currently attempting to rise in a correction to the recent decline.

The current correction may extend to new supply areas

in an attempt to test these areas located at the 7884 levels

from which a decline is expected to target 7780 and 7650, respectively.

The new areas are among the strongest and best selling areas on the index.

However, please be careful and trade with sound capital management.

The analysis failed to break and close above the specified supply areas,

specifically, close above the 8016.60 levels, as shown on the chart.