CAC update2

Hi everybody,

quick update of the French CAC as the PRZ (potential Reversal Zone) has been touched and produced the reversal on TU (time unit) 2hours

As matter of fact, the index opened in the PRZ, bottomed at 3884 and quickly reversed. That is indeed a good sign for the validation of the PRZ. The Perfect Bullish Bat seems to be validated so far.

Trend is now bullish as far as the index does not close below 3885 on TU 2hours.

Targets are: 3944, 3981 and 4011 on the very short term.

Note the positive divergence on the MACD (9,19,6). We are still on stage 3 regarding the Bollinger Bands (bearish parallel) but the lower Bollinger band should reverse quickly so be ready for some shaky times in the afternoon on US markets open.



nice trades!
Pj.