The French benchment is currently headed towards the upper bound, due to a developing an inverse head and shoulder. The indice is also currently in a consolidation phase based on the W and D timeframes.
As the indice is trying to stabilise above 7500, finding strength above will be confirmation of this continuation. Failure to continue up may lead to a decline. The above resistance barrier may also be catalysts to hinder this upward progression.
As the indice is trying to stabilise above 7500, finding strength above will be confirmation of this continuation. Failure to continue up may lead to a decline. The above resistance barrier may also be catalysts to hinder this upward progression.
Trade active
The first two targets hit. Expecting a pullback and continuation.
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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.