This trade setup on CAC 40 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 7160.1693.
CAC 40 has broken through support of a Descending Triangle. It has touched this line at least twice in the last 5 days.
