Will CAC 40 See a Bullish Turn? Key Levels to Watch next
The CAC 40, the benchmark French index, continues to trade around 7,496 during Friday's London session. Currently, the price is retesting a previous demand area, sparking interest in a potential bullish reversal pattern. I’m closely monitoring lower timeframes and daily charts for confirmation of a possible long position.
Market dynamics show retail traders are predominantly short, while smart money has shifted to long positions, signaling potential upward momentum. Additionally, the forecast indicator suggests a possible bullish seasonality for the index. However, it’s crucial to wait for a confirmed bullish reversal before entering any trades.
Patience remains key, and the next few days will be critical in determining the direction of the CAC 40. Stay tuned for potential entry opportunities as the index tests this significant demand zone.
✅ Please share your thoughts about CAC40 in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Market dynamics show retail traders are predominantly short, while smart money has shifted to long positions, signaling potential upward momentum. Additionally, the forecast indicator suggests a possible bullish seasonality for the index. However, it’s crucial to wait for a confirmed bullish reversal before entering any trades.
Patience remains key, and the next few days will be critical in determining the direction of the CAC 40. Stay tuned for potential entry opportunities as the index tests this significant demand zone.
✅ Please share your thoughts about CAC40 in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.