Waiting for CAC 40 to decrease

09 August 2022 165
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Since July 18, the CAC 40 has grown by 7.8%. Stock market anomalies such as the effects of the half and the turn of the month have triggered again.

 

Now the index is close to the upper boundary of the interval 5850 - 6600, which started in March of this year.

 

The DeMarker line is in the overbought zone and is directed down, which indicates a possible reversal of the price down in the nearest future.

 

Reversal patterns of shooting star and doji star have appeared on the graph, but they have not been confirmed yet.

 

Considering the facts mentioned above, the index is probable to decrease to the 6100 level soon.

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