CAC40, french Index with corection

Hi,

Analyzing the individual Indexes the most important exchanges in Europe, I decided to share just the analysis of the french CAC40 Index. <chart 1>

chart 1. CAC40 Index, Weekly, 2014-03-10

At the moment, the market had drawn the first wave of growth, along with the correction and the third wave of the full complement of internal waves embedded in the third wave. What perfectly coincided with the previous wave of growth (first red square).

It should be noted that this is a weekly chart, so long as the market closes above the red square (weekly candle), it is recommended sell position on the decline in the value of the Index.

If you have any questions, please send me an email or ask a question in a comment below

regards,

oscarjp

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