CAC 40 was identified at around 7615.2 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 7694.2154 level.
A Rising Wedge has formed, CAC 40 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
