CAC40 has been ranging between 2500-7000 points since more than 20 years.
We can see the impact of previous big crises on its evolution and prevented it to go break the 7000 threshold.
I think that CAC40 is now at a turning point. Does it continue to go up to test 7000 again or fall down?
It is quite difficult to have a long-term prediction, specially in this context where the economical/geopolitical instabilities dominate.
In my opinion, CAC40 still have good chance to reach 7000 point again in short-term. As what happened in the past, CAC40 followed two ascending trendlines and broke down at the sixth time retesting these trendlines. We can see the pattern are being repeated and CAC40 touched the trendline 4 times. The next (5th) retest will predict a new price structure.
For mid & long terms, three scenarios (A, B, C) would happens (see the below snapshot).
We can see the impact of previous big crises on its evolution and prevented it to go break the 7000 threshold.
I think that CAC40 is now at a turning point. Does it continue to go up to test 7000 again or fall down?
It is quite difficult to have a long-term prediction, specially in this context where the economical/geopolitical instabilities dominate.
In my opinion, CAC40 still have good chance to reach 7000 point again in short-term. As what happened in the past, CAC40 followed two ascending trendlines and broke down at the sixth time retesting these trendlines. We can see the pattern are being repeated and CAC40 touched the trendline 4 times. The next (5th) retest will predict a new price structure.
For mid & long terms, three scenarios (A, B, C) would happens (see the below snapshot).
