European Stock Market _ #France40 Daily Time Frame

European Stock Market _
#France40 Daily Time Frame

Mid Term trend: HOLD LONG +
According to the latest upward reaction, now is testing the 100% midterm dynamic resistance at the range of 4.988-4.500 units. As Index has momentum and increase the power of short term trend the break out is most possible and then will open the way to hit the target around 5.216 units, as you can see the attached chart. 
Bullish Scenario: A sustained move over 4.794 units will indicate the presence of buyers and the previews high at 5.090 is the first target and second 5.167 till 5.241 units
Bearish Scenario: A sustained move under4.797 units will signal the presence of sellers and the first target is detected at 4.748units and second 4.650units. This is the last potential support before the Mid Term Trend changes

European Stock Market _ #France40  4HOURS Time Frame
Harmonic Tool
Algorithm by Kamyar Jeharbanksh
(This is not a recommendation, it is only my opinion. Remember that and past performance is no guarantee of future results)
Certified Technical Quantitative Analyst
Tel : GR +30 6944895870 , UK +44 7963 309936
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only and is neither a solicitation to buy nor an offer to sell

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