CAC40 approaching resistance, potential drop!
CAC40 is approaching our first resistance at 4931 (horizontal overlap resistance, 38.2% & 38.2% Fibonacci retracement, 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4556 (61.8% Fibonacci retracement , horizontal pullback support)
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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