GER30 has broken through a line of 15820.0000 and suggests a possible movement to 15584.0996 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 20 days.
Related Posts
Because DAX 40 formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
Emerging Rising Wedge pattern in its final wave was identified on the DAX 40 1 hour chart. After…
FTSE 100 seems to be on its way to resistance – a possible opportunity?
FTSE 100 is heading towards a line of 8697.3496. If this movement continues, the price of FTSE 100…
Is the extremely large movement on DOW 30 a sign of things to come?
DOW 30 hits 40260.1 after a 8.95% move spanning 11 days.