CAC 40 INDEX (FRANCE 40): ABOUT TO POP!

https://www.tradingview.com/x/d77Owu7q/

Initially, I saw that France 40 has very recently moved out of a falling wedge pattern over the past months. On a higher intraday timeframe it has moved out of a rising wedge.

I am always very interested when I see patterns ending in this way. They end for a bullish or bearish reason usually.

So I then jumped to the Daily timeframe and what do I see? A perfect playbook head n shoulders pattern (bullish) that has already retested the neckline, so that YOU won't be stuffed around having to wait for price to retreat and retest.

I could see a lot buying going this yesterday.

All things being equal and no jars or negative volatility from news events, this will surely be one of my first Buy-orders during Monday.



Intraday, recent selling has turned to buying the past day or 2.