Emerging Rising Wedge detected on CAC 40 – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 8125.9 and it is expected to move to 8171.3708.
Because CAC 40 formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
