A strong buying opportunity is coming soon for the French CAC 40 index on the daily timeframe.

The French CAC 40 index is currently moving in a strong upward trend on the daily timeframe and is attempting a profit-taking correction.

This correction is expected to continue, potentially reaching new demand zones, which are considered prime buying opportunities at present.

Expected Targets

If the new demand zones near 8498 are tested, we anticipate a renewed upward move towards the targets near 8580 and 8700, respectively.

This analysis will be invalidated if the demand zones and the upward trend are broken, with a daily candle closing below them.