NOT the Moment for the Bounty of CAC40
Since we didn't cogently reach the 4544.8 level (which correspond to 38.20% of Fibo 1), we cannot estimate to gain the next level, at 5026.9. This retracement was applied on the down trend starting from 24 Feb 2020.
After that, I applied Fibo Retr once again on the up trend starting from the 19 Mars 2020, to its actual highest level 20 April.
If CAC40 breaks down the level 4339.9 (23.60% level of the 2nd Fibo Retr), it's highly estimated that he will search down for 4219.1 level.
Inspired by the analysis of one of my professors.
After that, I applied Fibo Retr once again on the up trend starting from the 19 Mars 2020, to its actual highest level 20 April.
If CAC40 breaks down the level 4339.9 (23.60% level of the 2nd Fibo Retr), it's highly estimated that he will search down for 4219.1 level.
Inspired by the analysis of one of my professors.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.