A possible bearish outcome

The CAC is currently attempting to surpass the 7800 mark, in an attempt to retest an all-time high. If it does pass, it may retest with an opportunity to continue further up.

However, failing to do so may lead the French benchmark to retest established lows. This is due to a double-top being formed due to where price action is as of now.

If the points remain under 7800, falling and settling below 7100, the indice may be bearish searching for support on the respective lower barriers