Emerging Channel Up pattern in its final wave was identified on the CAC 40 15 Minutes chart. After a strong bullish run, we find CAC 40 heading towards the upper triangle line with a possible resistance at 7703.8698. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
CAC 40 is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 6 days.
