CAC 40 technical chart is shown below with Ichimoku indicator.

 



In the last trading session, CAC 40 CLOSED below kumo 2894.94. Chikou Span (CS) was already below kumo; thus confirming the bearish breakdown. This may be the beginning of new downtrend cycle. Do not take any long positions here. Instead, take ONLY short positions.

CAC 40 bearish brekdown | 22-Nov-2011
Rate this post

You may also like:

https://www.dodacharts.com/wp-content/uploads/2011/11/22-2011Nov-CAC-40-800x600.pnghttps://www.dodacharts.com/wp-content/uploads/2011/11/22-2011Nov-CAC-40-800x600-150x150.pngadminUKbeginning,breakdown,brekdown,CAC,cac 40,Chart,Chikou,CLOSED,cycle,downtrend,Ichimoku,indicator,kumo,nbsp,Nov,ONLY,session,span,trading,trading session CAC 40 technical chart is shown below with Ichimoku indicator.   In the last trading session, CAC 40 CLOSED below kumo 2894.94. Chikou Span (CS) was already below kumo; thus confirming the bearish breakdown. This may be the beginning of new downtrend cycle. Do not take any long positions here. Instead,...Technical Analysis of Stocks & Forex