CAC 40: Paris Stock Exchange
Daily chart : Down Trend
Fibo correction 61.8% - level of resistance
double ticks,fake breakout above 4525
price action:Pin bar and price below pin bar
Possible short on current level.
Alternative: passing the price above 4590 will transform in to bullish formation.
Indicators: Demarker shows divergence which gives - negative signal
Demarker below 70 after divergence and frontier peak above 70 - strong bear signal.
Down trend the price below the resistance
entry price: 4484
SL: 4590
Stefan D. Angelov - Head of Stocks Trading
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