CAC 40 remains under pressure ever since the DAX 30 confirmed a pivot top on weekly chart. The bearish engulfing candle from the 3rd April remain in control with bearish H&S formation confirmed by the right shoulder holding Fib 61$ on the 60 mins chart.
Geo political concerns arose overnight with North Korea test firing a missile again leading to a firm reprimand by the White house claiming a military strike is on the table.
60 mins has H&S formation in play
Daily chart has bear flag in play
Game plan: looking for the H&S target to be hit down to 5075.
Geo political concerns arose overnight with North Korea test firing a missile again leading to a firm reprimand by the White house claiming a military strike is on the table.
60 mins has H&S formation in play
Daily chart has bear flag in play
Game plan: looking for the H&S target to be hit down to 5075.
CAC 40: inter-Market Analysis
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