CAC 40 or FRA40 as you wish is in a correction process on the dowside. This correction may go until 4967 before ECB put on the table the second part of its QE i.e 60 bio€. On a 4H or 1D there isn't yet any sign of reversal trend. which means that this is just a correction for the time being. The correction will be confirmed on a 2H and 4H . And if on a 1D there is no sign, then this will be just considered as a correction rather then a change of trend.