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CAC40 - Selling rallies near the wedge top

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Indeks CAC 40 (FOREXCOM:FRA40)  
Signal_Centre  
FOREXCOM:FRA40   Indeks CAC 40
Trend Analysis Harmonic Patterns Chart Patterns CAC 40 CFD FRA40
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trendanalysis harmonicpatterns chartpattern cac40 fra40
FRA40 - Intraday - We look to Sell at 5160 (stop at 5210)
Buying pressure from 4940 resulted in all the initial daily selloff being recaptured. Buying posted in Asia. Bespoke resistance is located at 5165. The trend of higher highs is located at 5172. Preferred trade is to sell into rallies.
Our profit targets will be 4885 and 4850

Resistance: 5162 / 5165 / 5230
Support: 4885 / 4800 / 4682
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