Emerging Ascending Triangle pattern in its final wave was identified on the CAC 40 30 Minutes chart. After a strong bullish run, we find CAC 40 heading towards the upper triangle line with a possible resistance at 7921.7231. If the resistance shows to hold, the Ascending Triangle pattern suggests a rebound back towards current levels.
CAC 40 is signaling a possible trend reversal on the intraday charts with price not breaching support.
