The CAC 40 index is currently testing a major supply / resistance zone around 8,300–8,400, a level that has previously acted as a strong rejection area.
Price is trading above the moving average, indicating that the overall structure remains bullish, but momentum is slowing as sellers step in near resistance.
This area is technically a decision zone.
🟢 Bullish Scenario
• Strong daily close above 8,400
• Successful breakout and acceptance above resistance
• Upside targets:
• 8,550
• 8,700
• Continuation of the broader uptrend
🔴 Bearish Scenario
• Failure to hold above 8,250
• Bearish rejection from the resistance zone
• Pullback targets:
• 8,000
• 7,800
🛑 Stop Loss (English)
• Long positions: below 8,200
• Short positions: above 8,420 after rejection confirmation
Price is trading above the moving average, indicating that the overall structure remains bullish, but momentum is slowing as sellers step in near resistance.
This area is technically a decision zone.
🟢 Bullish Scenario
• Strong daily close above 8,400
• Successful breakout and acceptance above resistance
• Upside targets:
• 8,550
• 8,700
• Continuation of the broader uptrend
🔴 Bearish Scenario
• Failure to hold above 8,250
• Bearish rejection from the resistance zone
• Pullback targets:
• 8,000
• 7,800
🛑 Stop Loss (English)
• Long positions: below 8,200
• Short positions: above 8,420 after rejection confirmation
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.