CAC 40 At Crucial Support

24 févr. 2020

CAC40 opened With massive Gapdown trapping all the bulls at higher level
This must have forced the small leveraged Trader to exit Their Position at the lower rates forcing the index downwards.


Index can Face Heavy Selling Pressure from tops


All the trapped brave Traders who didn't exit their position in today's fall will be waiting for their prices on the higher side.

So Sell on rise pattern could be seen in this index

CAC40 Is currently trading Below its 100 EMA at crucial Support Level of previous swing low.
Fresh Sell Off Can be Seen Below The swing low till 5720 Levels which is 200 EMA and 4th Decembers Low.

28 févr. 2020

Note

5420 Low :)