CAC40 - 240 - Just an idea for nowAfter breaking through the lower side of the rising channel last week, the index traveled south, but found good support near the 5265 hurdle, from which CAC40 rebounded.
But what the index is drawing right now looks like a potential head-and-shoulders formation. That said, before the index actually travels back to its possible neckline, near the 5265 level, we can't fully trust this idea yet. For now, keep it in the back of your heads.
Please see the chart for details.
Don't forget your stop-loss.
