Anticipating a Potential Reversal as it Approaches Resistance

11 дек. 2023 г.

One of the primary reasons supporting the notion of a potential market reversal is the historical price resistance at the 7580 level. Chart analysis reveals that the CAC40 has struggled to sustainably breach this level in the past, with multiple failed attempts resulting in bearish reversals. As the index approaches this critical resistance zone, traders and investors may exercise caution and opt for profit-taking strategies, leading to downward pressure.