CAC40 Bullish Flag, The week ahead 03rd March ’25

The CAC 40 (F40) index maintains a bullish outlook, supported by its long-term uptrend. However, recent sideways consolidation near the rising support trendline suggests a potential corrective pullback before the next directional move unfolds.

Bullish Scenario:
The 8060 level is a key support zone, aligning with the previous consolidation range, 20-day moving average, and the rising trendline.
A pullback to this level, followed by a bullish rebound, would indicate continued strength in the uptrend.
Upside targets include:
8180 (initial resistance)
8230 (next resistance level)
8268 (longer-term target)
A successful hold above 8060 would reinforce bullish sentiment and could signal a continuation of the prevailing trend.

Bearish Scenario:
A confirmed break below 8060, with a daily close beneath this level, would weaken the bullish structure.
This could trigger a deeper retracement, exposing the following downside levels:
8038 (immediate support)
7980, if selling pressure accelerates
A sustained move below 8060 would invalidate the bullish outlook, signaling potential downside continuation and a broader pullback.

Market Outlook:
The 8060 level remains the key pivot—holding above it could sustain bullish momentum, while a decisive break below would confirm increased downside risks. Traders should watch price action around this critical level to assess the next market move.

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