Technical analysis

France40 Wave Analysis – 06 August, 2021

• France40 rising strongly

• Likely to reach resistance level 7000.00

France40 index continues to rise strongly after it broke the key resistance level 6670.00 (top of the previous impulse wave 1 from June).

The breakout of this resistance level accelerated the active multi-impulse sequence made out of the impulse waves (v), 3 and (3).

France40 can be expected to rise further toward the next resistance level 7000.00 (target price for the completion of the active impulse wave 3).

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