AUS200 has broken through a support line. It has touched this line at least twice in the last 11 days. This breakout may indicate a potential move to 7053.9471 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Will Nikkei 225 break through the resistance level it tested before?
Nikkei 225 is heading towards a line of 39811.0000. If this movement continues, the price of Nikkei 225…
ASX 200 formed a Channel Up on the 1 hour chart. Retest of support in sight.
ASX 200 was identified at around 8577.7 having recently rebounded of the resistance on the 1 hour data…
CAC 40 has formed 7 bearish candles successively, what is the probability of getting another bearish candle?
Rare set of consecutive candles on the CAC 40 4 hour chart. Could we expect a turn around…