CAC 40 (France) Elliott Wave Analysis | Trading Lounge Daily Chart
CAC 40 (France) Index Daily Chart Forecast
CAC 40 (France) Elliott Technical Wave Analysis
FUNCTION: Counter-Trend
MODE: Corrective
STRUCTURE: Navy blue wave C
POSITION: Gray wave 2
DIRECTION NEXT HIGHER DEGREES: Navy blue wave 1 of 3
DETAILS: Navy blue wave B is likely complete; navy blue wave C of 2 is now unfolding.
The Elliott Wave forecast for the CAC 40 Index on the daily chart indicates a developing corrective counter-trend move. Currently, navy blue wave C is unfolding as part of the broader gray wave 2 corrective structure. With navy blue wave B appearing complete, the index is progressing through wave C of this correction.
This daily analysis provides traders with key insight into the CAC 40’s position within the larger Elliott Wave cycle. Wave C’s active development signals a temporary deviation from the main bullish trend. Upon completion of this corrective wave, the market is projected to begin navy blue wave 1 of 3, aligning with a bullish continuation.
Wave hierarchy is crucial in this phase, as navy blue wave C represents a medium-term corrective move within a larger bullish context. Traders should monitor for classic corrective patterns like ABC formations or lateral consolidation, which are typical in counter-trend markets.
This current structure presents opportunities for both short-term retracement trades and strategic long-term entries. Confirmation of wave C’s end will be key to positioning for the next impulsive move higher.
CAC 40 (France) Elliott Wave Analysis | Trading Lounge Weekly Chart
CAC 40 (France) Long-Term Wave Structure
FUNCTION: Counter-Trend
MODE: Corrective
STRUCTURE: Navy blue wave C
POSITION: Gray wave 2
DIRECTION NEXT HIGHER DEGREES: Navy blue wave 1 of 3
DETAILS: Navy blue wave B looks complete; navy blue wave C of 2 is currently active.
The weekly Elliott Wave analysis of the CAC 40 Index presents a larger-scale corrective counter-trend pattern. The main structure, navy blue wave C, continues to evolve as part of gray wave 2. With wave B now considered complete, wave C is underway in this broader corrective phase.
From a macro view, the weekly chart helps identify the CAC 40’s position within its long-term Elliott Wave structure. The active correction in wave C of 2 reflects a pause in the primary trend, with expectations of transitioning into navy blue wave 1 of 3 once this move completes.
This chart underscores the significance of wave degree relationships, with navy blue wave C offering a medium-term trading setup within the overarching bullish scenario. Traders should watch for standard corrective wave features such as three-wave structures or price consolidation, which frequently signal counter-trend developments.
This Elliott Wave setup is ideal for swing and position traders awaiting confirmation before committing to directional trades. The weekly perspective is essential for aligning short-term strategies with long-term bullish opportunities once wave C concludes.
Technical Analyst: Malik Awais
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