The final consolidation of ACC ended last Jan. 31 on 3953 points, near the 50% retracement located to 3935 pts. This correction does not really traditional criteria as its duration and amplitude were unusually short.
result is a market reluctant to immediately start a new upward cycle: the false signal bullish on Tuesday over 4079 confirms this view.
Accordingly, and as shown in the chart below, the ACC might feel the need to blow support in 4020, representing 50% of the previous movement.
CONCLUSION: CAC Opinion: neutral, looking for an entry point can be 4020 points.
0 comments:
Post a Comment